Sir/Madam,
For a person with only Salary income, I am looking for help to understand whether ITR1 or ITR2 should be used for filing returns.
I understand that if the income is more than 50L, then ITR2 is used. But not sure on what 'income' means here. And I do not know which row in the Form 16 would have to be >50L. There are several rows that has word as income in the document. Which of these would determine whether ITR2 is needed...
- Section 1 (a): Salary as per provisions contained in section 17(1)
- Section 3: Total amount of salary received from current employer
- section 6: Income chargeable under the head "Salaries"
- section 9: Gross Total Income
- section 12: Total taxable income
Which of the above sections determine the amount that leads to ITR2 ?
CAclubindia
