Vijay Jain (xyz) (110 Points)
28 January 2014
CA Devanand Jethanandani
(CA)
(8003 Points)
Replied 28 January 2014
Hi Vijay,
Applicable form for FY 2012-13 (AY 2013-14) in his case will be,
ITR 1 but if his exempt income is exceeding Rs.5000 then use ITR 2
Thanks,
CA. Devanand Jethanandani
Pratik CA Final
(Article Assitant)
(102 Points)
Replied 28 January 2014
In case you are having an exempt income is greater than Rs 5000 so you need to file ITR 2 else ITR 1 is applicable in your case.
vikas sahni
(asst manager)
(21 Points)
Replied 28 January 2014
CA Devanand Jethanandani
(CA)
(8003 Points)
Replied 28 January 2014
Hi Vikas,
Exempt income for this purpose means any part of salary which is exempt under section 10.
For example,
House Rent Allowance, Tranportation Allowance, Conveyance Allowance etc.
Thanks,
CA. Devanand
CAclubindia
