Itr return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2012 A resident had gone abroad in the month of March 2012. He opened bank account in the month of March 2012 there. Which ITR is to be filed by him for the AY 2012-13.

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

21 August 2012 ITR to be filed is as per the INCOME sources.... salary.. 1 or 2, buiness income 4 etc.

Querist : Anonymous

Querist : Anonymous (Querist)

21 August 2012 If the person is having salary income only and opens bank a/c in March 2012 in a foreign country, which ITR is to be filed - ITR 1 or ITR 2.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Amit Jaiswal

CA Amit Jaiswal (Expert)
Follow

21 August 2012 For salaried employees not having any other source of income, ITR-1 is appropriate.

C.A Anshul Singhal

C.A Anshul Singhal (Expert)
Follow

22 August 2012 ITR 2
Applicable for individuals having income from:

> Salary/pension
> One or more house or brought-forward losses
> Capital gains
> Other sources (including winning from lottery and income from race horses)
> Foreign assets

C.A Anshul Singhal

C.A Anshul Singhal (Expert)
Follow

22 August 2012 itr-2 should be filled.

Message likes : 1 times

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

22 August 2012 itr2 would be a better option.