Imran H Mansuri (Inter CA) (153 Points)
03 June 2013Assesee having only salary income and he has allowance u/s 10 for Rs. 24600.
so assesee has to file which ITR ???
Our income tax software does not allowed ITR -1 as exemption u/s 10 is greater than Rs. 5000 and advice to file ITR - 2 instead of ITR - 1.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 03 June 2013
| Originally posted by : Imran H Mansuri | ||
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Assesee having only salary income and he has allowance u/s 10 for Rs. 24600. so assesee has to file which ITR ??? Our income tax software does not allowed ITR -1 as exemption u/s 10 is greater than Rs. 5000 and advice to file ITR - 2 instead of ITR - 1. (Correct) |
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Because from AY 2013-14, return in ITR 1 can't be filed if assessee has income exceeding Rs. 5,000 which is not chargeable to tax. In other words, if assessee claims exemption in respect of any income under Section 10, 10A, 10AA, etc.
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