Itr-7 itr-1

This query is : Resolved 

20 October 2013 please give me info about itr-7 and itr-1

20 October 2013 ITR7
.
http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/PDF/Ay-2013-2014/InstructionITR7_2013.pdf
.
.
mandatory to file ITR7 electronically if trust is taking exemption under section 12A vide Noification 42/2013
.
.

20 October 2013 ITR1
.
http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/PDF/Ay-2013-2014/Instruction_ITR_1_sahaj.pdf
.
.
salary individual who dont have exmpt income more than 10000 can file ITR1
.

others have to file ITR2


20 October 2013 Hi

Refer: http://incometaxindia.gov.in/download_all.asp

Thanks


20 October 2013 Itr 7 applicable to ITR-7
For persons
including
companies required
to furnish return
under section
139(4A) or section
139(4B) or section
139(4C) or section
139(4D).

20 October 2013 Itr 1 : This Return Form is
to be used by an
individual whose
total income for the
assessment year
2012-13 includes:-
(a) Income from
Salary/ Pension; or
(b) Income from
One House Property
(excluding cases
where loss is
brought forward
from previous
years); or
(c) Income from
Other Sources
(excluding Winning
from Lottery and
Income from Race
Horses)

20 October 2013 SAHAJ(ITR-1)

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)]

This form CANNOT BE USED by an individual if income for FY 2012-13 includes

Income from more than one house property or

Income from Winnings from Lottery / Race Horses or

Income from Capital Gains, which are not exempt from tax or

Income from Agriculture in excess of Rs. 5000/- or

Exempt Income (includes exempt amount of Conveyance Allowance, HRA, Other Exempt Allowances, Maturity amount of Insurance etc. ) in excess of Rs. 5000/- or

Loss under Head "income from Other Sources" or

Person claiming benefit of Foreign Tax paid u/s 90, 90A or 91 or

Income from Business or Profession or

A resident having any asset located outside India or signing authority in any account located outside India.

20 October 2013 ITR - 7
For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)

NOTE: Acknolwledgement Form for all ITR Forms except ITR 7




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