Itr 1 - exempt income more than 5k

ITR 1068 views 4 replies

Hi,

The only taxable Income of an Indivudal is "Income From Other Sources". (Approx Rs. 800,000)

His Exempt Income is 210,000/- (Interest from PPF and Logn Term Capital Gain on Listed shares through Stock Exchange)

 

Can he file return in "SAHAJ ITR -1" FORM ??

PS: Last year return was efiled using ITR2

 

Replies (4)

He will have to file ITR - 2.

 

Kindly ealborate the reason why ITR 2 

if the income from other source is from intrest income or from family pension then ITR1 or otherwise ITR2

In case Exempt income of interest on  PPF is Rs.37775

 

Which form i need to fill

only salay inome getting

 

please reply urgent


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