Jyothis (Article) (1127 Points)
24 July 2016Can all salaried individuals file ITR-1?
You can only file ITR-1 if the exemptions you claim under Section 10 are less than or equal to Rs. 5,000.
This was found as per https://cleartax.in/ITR1
However , no such condition was found in Instruction sheet of ITR 1- AY 2016-17.
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 24 July 2016
Different salaried persons may have different conditions, there is no standard rule for ITR1 link to salaried person, also I dint find any official notification regards this
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 24 July 2016
I think, such line is in ITR-1 : Exempt Income only for Reporting Purpose (If agricultural income is more than Rs. 5000/- use ITR-2 or 2A)
means if agriculture income is more than 5,000/- then you can't file ITR-1
conditions relating exempt income is not mentioned
Jyothis
(Article)
(1127 Points)
Replied 24 July 2016
So can i use ITR 1 & show my net salary after all exemptions in ITR.
Say gross salary Rs.5 lacs & Exempted allowances come to Rs.50,000.
Then can i show Salary income in ITR 1 as Rs.4.5 lacs ,as there is no column to seperate such allowance in ITR.
CAclubindia
