when they say total income should be above 50 lacs to use itr 2 , is the gross income without deductions or total taxable income after deductions that should be above 50 lakhs?
6 Replies
Shankar Rugge
(376 Points)
Replied 25 July 2022
It is stated that total income exceeds 50 lakh then itr2. I think total income from all sources n not taxable
sabyasachi mukherjee
(27574 Points)
Replied 27 July 2022
Yes 50 lakhs is one of the criteria and not business profession.
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 26 November 2022
Net total income after deduction should be Rs 50 lakhs
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