Manvi Malhotra (CA Final, CS Final) (62 Points)
30 June 2014I have a query relating to which return form to use. If exempt income exceeds rupees 5000, the assessee is required to fill ITR-2 intead of ITR-1. I want to know which exempt incomes are covered under this rule?
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 30 June 2014
Itr 2 covern salary income, Other siurces Interest. and House property...so exemption from these heads of income....
Manvi Malhotra
(CA Final, CS Final)
(62 Points)
Replied 30 June 2014
So this exempt income will also include exemptions under hra. ltc etc. in addition to dividend income, ppf interest etc.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 30 June 2014
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 30 June 2014
CAclubindia
