Hello members, for the new itr forms for ay 2015-16, from this year can one use ITR1 instead of ITR2 if their exempt income in totality like divident, lic maturity, LTCG from shares, PF etc exceeds 5000/-??? Earlier if a simple saliried person had 5001/- or more exempt income had just for this reason to file ITR2 so please clarify Thanx
1 Replies
Kuldipsinh Jadeja
(Job)
(357 Points)
Replied 26 June 2015
Assuming there is no Agriculture Income you can file ITR 1. Provisions regarding exempt income exceeding Rs.5000/- have been amended to include on Agriculture Income exceeding Rs.5000/- vide notification no.49/2015
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