Rachit (Analyst) (913 Points)
12 July 2013IS THERE ANY INCOME LIMIT FOR FILING ITR-1 AND ITR-2
ITR 4 provides the need to furnish Balance Sheet if income is above Rs. 25.00 lacs p.a.
IF SALARY INCOME IS ABOVE RS.60.00 LACS CAN THE PERSON FILE ITR-1 IF HE SATISFIES OTHER PRESCRIBED CONDITIONS FOR FILING ITR-1
Kannan Sekar
(Accounts Executive)
(33 Points)
Replied 12 July 2013
Yes he can file in ITR 1 if he is a salaried person . He should have form 16. Verify the same in 26AS. Thats it. There is no limit as far as i know
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
