Which ITR to be used

Others 834 views 10 replies

In case one has stipend (to be shown as exempt) and salry income post articleship... then should ITR 1 be used or ITR 2.

Replies (10)

I think Its ITR 1

Thanks but ITR 1 says, there should be no exempt income other than agriculture and interest while I want to claim stipend (as I wrote earlier) as exempt. Will it make any difference

 

ITR - 1

Check reference :-

https://incometaxindiaefiling.gov.in/portal/individual_huf.do

 

You need not to be disclose your stipend.

Why? one is supposed to disclose exempt income also..... Isn't it??

not necessarily

ITR - II

It's not required to disclose your stipend.

Yupp... ITR 1

According to Payment of Bonus Act, Stipend Is Part of Salary.

So use ITR 1 to File Return


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