Regarding i tax return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2014 First time I filed a Business return for FY 12 -13.because of getting of professional fees u/s 94 j.Now i want to take loan so 3 years i tax returns required so can i file return of fy 11-12 now means before 31.3.14 but that time i got salary .so that return will be itr 1.& now also i m getting salary income. so this year ie fy 13-14 return will also itr 1.is it correct?

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

09 February 2014 yes you are correct..you may use ITR1.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

09 February 2014 1. You can File ITR 1 for FY 2011-12 or say AY 2012-13 as the income to be reported is under the head of salary and/or interest.
.
2. Now also, as you are having salary income and are not having any business income you can file the Return of AY 2014-15 in the prescribed form (Which may or may not be named as ITR 1. as it will be notified later). In case there is no change in future , you will be able to file the return in ITR 1.
.
So you are almost correct.

Upgrade to CAclubindia Pro. Subscribe Now!

Naresh Dharia F.C.A.

Naresh Dharia F.C.A. (Expert)
Follow

10 February 2014 To file 12/13 without filing 11/12...inviting dept to issue notice....
Hence u r advised to file 11/12 return at earliest ...ITR 1
OK