My exempt income in Rs 81600(HRA) (under section 10) & as a salaried person and I have filled tax via the E-filing ITR-1 Form as only 2 options were available (ITR1 & ITR-4s) when using quick filing E-File . But now I am reading everywhere that if the exempt income is more than Rs 5000 (Monthly) we need to fill ITR-2 Form NOT ITR-1 Form. Is it correct . If Yes how can I re-file the tax. Do I need to file it Online(E-file) or Online(Upload process).
Kindly help !!!
Hunny
Hunnydelhi1 @ gmail.com
It is not clear whether conyeyance allowance , HRA etc are covered under the exempt category meant for ITR 1.
Also, the 5000/- limit for exempt income is not monthly but it is annually.
You can now revise the return in form ITR 2 by down loading the excel utility and then uploading the xml file.
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
