Income limit for itr

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Rachit (Querist)
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12 July 2013 IS THERE ANY INCOME LIMIT FOR FILING ITR-1 AND ITR-2.

ITR 4 provides the need to furnish Balance Sheet if income is above Rs. 25.00 lacs p.a.

IF SALARY INCOME IS ABOVE 60.00 LACS CAN THE PERSON FILE ITR-1 IF HE SATISFIES OTHER PRESCRIBED CONDITIONS FOR FILING ITR-1

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 July 2013 For salary income there is no requirement of Balance sheet, what ever your salary income ( Rs.60 lakhs also), you can file ITR -1 & ITR 2 also the same condition.

Only ITR -4 business & professional income required the balance sheet requirement