advocate
349 Points
Joined February 2008
Yes You can use this form, the below guilde help to choose the form of SARAL-II. You can go through it
Who can u s e ITR-1 / SARAL - II Re turn Form
Th is Re turn Fo rm is to be use d by a n in div id u al wh ose t o t a l incom e for t h e assessm ent yea r 20 1 0 - 11 i n cl ude s:- (a) In co me fr o m S a l a r y / Pen si o n ; o r
(b) In come fr om One House Pr op er ty ( exclu ding cases w her e l o ss is brou ght for w ard fr o m p revi o us year s) ; or
(c) In come fr om Oth er Sou rc es ( E xc l u ding Wi n nin g fr om Lotte ry an d Incom e f rom Race Horses).
F u rther, in a c ase w h e re t h e inc o m e of a n o the r pe rson l i ke spo u se, m i nor chi ld, etc . is t o be c lu bbe d w ith t h e inc o m e of t h e a sse sse e, thi s Re tu r n F o rm c a n be use d onl y if t h e i n com e bein g c lub be d fa lls i n t o t h e abo v e inc o me c ateg o ries.
3 . Wh o c a nn ot use ITR - 1 / SARAL - II Re turn Form
Th is Re turn F o rm shoul d no t be use d by an indi vi dua l wh os e t o ta l inc o me for the assessme n t yea r 2 0 1 0 -11 inc lude s,-
(a ) I n com e from m o re t h a n o n e ho use pr o p e rty ; or
(b) I n com e from W i nnings f rom lotter y or i n com e from Rac e horses ; or
(c ) I n com e unde r t h e hea d “ C a p i ta l Ga ins ”, w h ic h ar e not e x e mpt from ta x, e .g. , shor t - te rm c apit a l ga in s or lon g -ter m ca pital ga ins from sale of h o use , pl ot, etc. ; or
(d) I n com e from a g r i c u lt ure in ex cess of Rs. 5,0 0 0 ; or
(e ) I n com e from Business or P rofe s si on.