Itr form

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In FY2014-15, i filed ITR using form ITR-2 because i had long term capital gains for selling of shares in that year, but in FY 15-16 i didnot sold any share, so no capital gains, i have income from salary, bank interest and FD, can i file return in ITR-1. Is change in form allowed year by uear on case basis.
Replies (5)

Yes you can file ITR -1 for FY 15-16, change is allowed

Thanks Sir. One more question, Being a salried, if i get bank interest of  25000 for FY 15-16, can i claim Rs. 10,000 rebate under 80 TTA and pay tax on remaining 15000 at applicable rate as self assessment tax

Yes, you can claim deduction of Rs. 10000 u/s 80TTA and pay tax on balance income

Thank you very much sir for your quick response.

 

Always careful.. 80 TTA... Only allowed bank account saving interest and post office saving account, not for the fd interest


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