Ashim kr Ray (social service) (1695 Points)
06 August 2016
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 06 August 2016
Purchasing a car or a land would not lead to change in ITR return filing.If the assessee has salary income,Income from one house property,taxable capital gain,income from other sources he/she can file ITR-I provided he/she should not have income from business/profession,carry forward losses from house property,winning from lottery/horse races,income from more than one house property and exempt income more than 5000.
Ashim kr Ray
(social service)
(1695 Points)
Replied 07 August 2016
Then why some company declare there employee to declare their asset as IDS in FORM 1.
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 07 August 2016
Both are seperate forms, there can be N numbers of form that have name "form 1" dont confuse, use ITR1 for efiling.
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