Dear Friends,
Today i am filling a ITR 1 from downloading excel /Pdf utility from Income tax website. I am surprised that in that form there were no columns for deductions under section 10 like HRA . So pls tell how to proceed with this problem.
Dear Friends,
Today i am filling a ITR 1 from downloading excel /Pdf utility from Income tax website. I am surprised that in that form there were no columns for deductions under section 10 like HRA . So pls tell how to proceed with this problem.
u have to fill the net income from salary , i.e. taxable salary,,
U HAVE TO FILL THE NET INCOME SALARY I.E., AFTER SHOWING ALL DEDUCTIONS U/S 10 AND PROFESSIONAL TAX.
| Originally posted by : Naveen.N | ||
![]() |
U HAVE TO FILL THE NET INCOME SALARY I.E., AFTER SHOWING ALL DEDUCTIONS U/S 10 AND PROFESSIONAL TAX. |
![]() |
AGREED.
Agree.U have to fill taxable salary
ya ,Agreed with these views
only net taxable salary..
yep! NET TAXABLE SALARY IS TO BE SHOWN ![]()
in ITR-1 you have to show only Net SALARY
and
if you want to show allownces of u/s 10, then plz use ITR-2, in this you can fill all other details too
:)
agree with all.put net salary...
You can Downlaod New Income Tax Return Forms for the A.Y. 2011-12 from the folowing link
https://tax-india.blogspot.com/2011/06/new-income-tax-return-forms-for-fy2010.html
Dear Suman,
If u want to file ITR-1, u hv to show in the return net income from saly after deducting all allowances u/s 10 and deductions u/s 16.
But if u want to show the allowances u/s 10, u can file ITR-2.
It is better to show allowances u/s 10 for the person who want to file return for taking the loan.
Regards
Manav Goel
For the purpose of filing return in the form ITR 1, you have to see in the form 16, column Income chargeable under the head "Salaries", which is given by your employer. The given heading is after Allowance to the extent exempt under Section 10 and Deductions for (a) Entertainment Allowance and (b) Tax on Employment. And that amount is which you have to show in the column income from the salaries.
Your are not logged in . Please login to post replies
Click here to Login / Register
Malhotra Rajesh & Associates
New Delhi
B.Com
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CCI
Pro
India's largest network for
finance professionals