Itr1/itr2

This query is : Resolved 

30 July 2013 Dear CCI MEmbers
which return i chose between ITR1 & itr2.
What is the exempted income as per sec10.(5000limit)
salary 250000
conveyenc 48000(800*12=9600 exempted)
hra 60000
which return i file
the limit of 5000 is per month or per year.

30 July 2013 Limit of Rs 5000/- per year

You have to file ITR 1.

HRA and Travelling allowance are not treated as exempted income.

30 July 2013 Dear sir
can u tell me what are the exempted income


30 July 2013 Like agricultural income. Income from Dividend. Interest earned on PPF. Saving bank interest upto Rs 10000/- u/s 80TTA. etc.

30 July 2013 dear sir
if someone SB int is 12000 then he should file ITR2
if someone SB INt is 9000 then what return should he file

30 July 2013 If SB interest is RS 9000/- ITR 2 should be filed since exempted income is more than Rs 5000/-

31 July 2013 Dear sir
80TTA is applicable only for saving bank int or fd int.
if not is there any exemption available for fd int.
in the bank statement int is credited on 1st april,we will take that in current year or previous year

31 July 2013 80TTA available only for Savings Bank Interest. No exemption for Interest earned from FD. Take interest in income based on your form 16A and 26AS.




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