A.Y. : 2012-2013 / Status : Individual (M)
I'm filing an return wherein one assessee has paid Rs.200 as S.A.Tax & other has Nil tax payment and both are filing ITR-1.
In ITR it asks for 'Tax Status' (line no.32) with 3 alternatives i.e. Tax Payable / Tax Refundable / Nil Tax Balance.
So, my question is :-
The 1st assessee with S.A. Tax will select 'Tax Payable' ? And 2nd assessee with no tax payment will select 'Nil Tax Balance' ?
Also, there is dividend income on units, where should I show this exempt income?
Should I disclose it in Point No.26 ? But isn't it only for agricltural income which is exempt !?!
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