Selection of ITR Form

Prabhakaran (CA Final Student) (102 Points)

26 July 2013  

Hi,

I did read few of articles here and there regarding ITR Form for FY 12-13, All of them suggested that ITR 1 should not be used when the exempted income (i.e. HRA, LTA, Conveyance) excees Rs 5000. I wonder, in our company all of them receiving Rs 800 per month as conveyance irrespective CTC. Hope most of the companies in India does the same. Now what IT Department wants? 99% salarised employees should not be used ITR 1?

Please share your thought or experience if you have filed ITR 1 this time & for how many employees you have done?

Kindly correct me, if i have mentioned incorrectly anything.