Which itr form in ay15-16 should use-tds on property & salary

form will remain ITR-1 unless exempted income exceeds Rs 5000.  Refer Rule 12

@ Nikhil: I think this requirement (exempt income exceeding Rs.5000) has been substitued by (agricultural income exceeding Rs.5000) w.e.f 1/4/15 vide notification, /news/files/40_14953_notification_49_2015.pdf

thanks for the update poornima...

u r welcome :)

Please refer to Instructions for ITR1:

. Who can use this Return Form

This Return Form is tobe used by an individual whose total income for the

assessmentyear 2015-16 includes:-

(a) Income from Salary/ Pension; or

(b) Income from One House Property (excluding cases where loss is brought

forward from previous years); or

(c) Income from Other Sources (excluding Winning from Lottery and Income

from Race Horses)

NOTE Further, in acase where the income of another person like spouse,

minor child, etc. is to be clubbed with the income of the assessee, this Return

Form can be used only ifthe income being clubbed falls into the above income

categories.

Who cannot use this Return Form

This Return Form should not be used by an individual whose total income for

the assessmentyear 2015-16 includes:-

(a) Income from morethanone house property; or

(b) Income from Winnings from lottery or income from Race horses; or

(c) Income under the head "Capital Gains' e.g., short-term capital gains or

long-term capital gains from sale of house, plot, shares etc.; or

(d) Agricultural income in excess of ~ 5,000; or

(e) Income from Business or Profession; or

(Q Loss under the head 'Income from other sources';or

(g) Person claiming relief under section 90 and/or91; or

(h) Any resident having any asset (including financial interest in any entity)

located outside India or signing authority in any account located outside

India or

(i) Any resident having income from any source outside India