C Reddy (Entreprenuer) (133 Points)
10 July 2018Dear Members,
My friend's Gross Salary is more than Rs.50 Lakhs and Total income after all deductions is Rs.48 Lakhs. Should she file ITR1 or ITR2? She does not have any other income other than Salary income. Is ITR2 based on Gross Salary or Total Income after all deductions?
Please advice.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160860 Points)
Replied 10 July 2018
Total income..... ie. aggregate income before any deductions...... to be considered.
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 10 July 2018
Since your gross salary is not more than 50 lacs u can file your return in ITR 1.
J S BHAVSAR
(CONSULTING)
(1288 Points)
Replied 10 July 2018
Is the total income before deductions mean the total of all incomes in Item 1 in Form 16?
CAclubindia
