Become a Certified GST Practitioner in just 58 hours. Register Now!

Meaning of capacity in ITR 1

Nikita Kulkarni (STUDENT) (262 Points)

30 June 2018

ITR 1 for AY 2018-19 has word in the last page requiring capacity of the individual. what exactly is to be mentioned?

Reply
Follow
Share

9 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182853 Points)
Replied 30 June 2018

In verification section...generally.... SELF/INDIVIDUAL ......

(only in case of filing as attorney,legal representative etc. it will change as per his/her capacity)

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

Hitesh Gupta (75 Points)
Replied 30 June 2018

can we write in the capacity of assessee

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182853 Points)
Replied 30 June 2018

All the persons who file the return are assessees be it firm, trust, huf, individual etc....... but signing autherity (for this assessee) i.e his/her capacity.... can be Karta, Partner, Director, Individual etc...

rama krishnan (12244 Points)
Replied 01 July 2018

if you are filing ROI in the status of
individual - self
huf - karta
firm - managing partner or partner
company - principal officer or managing director or director

2 Like

Nikita Kulkarni (STUDENT) (262 Points)
Replied 01 July 2018

ITR 1 requires salary (excluding all allowances, perquisites and profit in lieu of salary) then where to mention conveyance exemption under section 10?

Upgrade to CAclubindia Pro. Subscribe Now!

SHIRISH S S (Proprietor) (1031 Points)
Replied 01 July 2018

I have written Proprietor in my ITR-4 . Not sure whether this is correct.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182853 Points)
Replied 01 July 2018

Originally posted by : SHIRISH S S
	I have written Proprietor in my ITR-4 . Not sure whether this is correct.

In all the situation, it will be accepted.......

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182853 Points)
Replied 01 July 2018

Originally posted by : Nikita Kulkarni
	ITR 1 requires salary (excluding all allowances, perquisites and profit in lieu of salary) then where to mention conveyance exemption under section 10?

One is required to fill the salary amount excluding all such exempted (& also taxable allowances) in this field......

So, deduct the conveyance allowance from the gross salary and fill the remaining amount in this column .......