22 June 2010
Please tell whhether all the previous ITR form 1 to V are substituted by Saral II, if yes, I want to where to put capital gain tax (Short term or long term) in the Saral II form, secondly it also does not show the exempted income viz bank interest, Dividend etc Regards Girish
22 June 2010
No, Only ITR 1 is only substiuted by Saral II. Sarai II is only for Individuals having Income from Salary / Pension / Income from One House Property (excluding loss brought forward from previous years) / Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses.
Bank interest is not a exemepted income.
For Short Term or long term capitla gain and exemepted income , you should file to FOrm 2. in which all details are available for salaried person.