I'm a Director of a company receiving only salary from pvt ltd company and other income as house rent. which ITR form applies to me. can I file ITR-1
Menu
Which itr form
Replies (3)
YES, YOU CAN FILE ITR-1, SUBJECT TO YOUR TOTAL TAXABLE INCOME SHOULD BE LESS THAN RS 50 LAKHS AND THE SOURCES OF INCOME IS ONLY FROM SALARY, OTHER SOURCES AND ONLY 1 HOUSE PROPERTY.
If Rent is received by letting out 1 House Property and taxable income is less than 50 lakh then file ITR-1, Otherwise ITR-2.
The director is required to file form ITR - 1 subject to total income not exceeding Rs 50 lakh. In case the income exceeds Rs 50 Lakh, you are required to file form ITR - 2.
Please refer to following link for more information: Quick Guide for Income Tax Return Filing.
You can contact us at support @ legalwiz.in or 1800 313 4151 for more details.
Recent Threads
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
Related Threads
CAclubindia
