24 January 2012
Hello Experts, I was preparing a return for A/Y 10-11 as well as A/Y 11-12. The person concerned is having interest income and some gift receipts.
Which ITR form should i use?? A/Y 10-11 : Saral ii or Form 2. A/Y 11-12 : Sahaj or Form 2.
I read somewhere that persons having gift income or any income except interest under head Other sources have to file form 2.
25 January 2012
ITR 1 can be used. You can show gifts under the head IFOS in this form. Gifts are not winning from Lotteries and Cross Word Puzzles etc. . Under the head IFOS, if there is any income from Lotteries and Cross Word Puzzles etc. then ITR 2 has been specified for the purpose. .
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