Which itr to be filed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2014 Dear All,

I am salaried person having income below 5 lac & I am claiming H.R.A also.

Please guide me which itr to be filed .

Thanking you.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 July 2014 You are required to file ITR1 provided you do not have exempted income more than Rs 5000.

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2014 Thanks for your guidelines, but please explain in brief what do you mean by exempted income more than Rs.5000.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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14 July 2014 any exemption available to u under sec 10 like for hra exceeding 5,000 then file itr2.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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14 July 2014 No. HRA is not exempted income. Its allowed as deduction. So even if HRA is more than Rs 5000 you can file ITR1. Dividend is an example of exempted income.