Dear All,
Please reply:
In case of salaried employees, which ITR-1 or 2 to be used as per only following condition:
Break up of salary includes Basic, DA, HRA, Taxable allowance , exempted allowances u/s 10, perks etc.
There is no field in ITR-1 to fill all these figures separately while such fields are available in ITR-2 salary column. My question is that if other things being equal, which ITR 1 or 2 to be used.
In ITR-1 we can fill only net salary while gross salary, exempted allowances, perks etc. can be filled in ITR-2.
CAclubindia
