Itr

This query is : Resolved

ishan parikh (Querist)
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29 October 2015 year one: I have income from 1. stipend, 2. fd interest., year two: I have income from 1. stipend 2. fd interest., 3. professional receipts. 4. capital gain. for each year which itr should I file?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 October 2015 Year One- ITR1
Year Two- ITR4

To know the details of ITR Selection criteria, see article from link given below:

https://www.caclubindia.com/articles/filing-itr-of-ay-2015-16-24379.asp

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 October 2015 Also note that stipend income is exempted. For details see link below:

https://www.caclubindia.com/experts/stipend-received-is-taxable-income--2206384.asp

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