Question:
If Person having Salary income(20,00,000) and interest (60,000) then,
whether ITR 1 Or ITR 2 applicable?
Thanks & Regards
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Applicability of itr if person having salary and interest
Replies (2)
Your case fits in ITR1 and ITR 2 both..but logically speaking when all conditions of ITR 1 are satisfied we do not move to check the conditions of ITR 2...so in my opinion it should be ITR 1.
Still, get confirmation from experts of the forum.
Fatema
ITR-1 is applicable for Individuals with Income from Salary, 1 House Property and Other Sources, and also if u have any Exemption income more than 5000/-, then use ITR-2
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