CA Student
15927 Points
Joined May 2011
Rule 12(1)(a) of the Income-tax Rules, 1962:
.
In the case of a person being an individual where the total income includes income chargeable to income-tax, under the head—
.
(i) "Salaries" or income in the nature of family pension as defined in the Explanation to clause (iia) of section 57; or
.
(ii) "Income from house property", where assessee does not own more than one house property and does not have any brought forward loss under the head; or
.
(iii) "Income from other sources", except winnings from lottery or income from race horses and does not have any loss under the head,
.
be in Form [SAHAJ] (ITR-1) and be verified in the manner indicated therein:
.
Provided that the provisions of this clause shall not apply to a person who,—
.
(I) is a resident, other than not ordinarily resident in India within the meaning of sub-section (6) of section 6 and has,—
.
(i) assets (including financial interest in any entity) located outside India; or
.
(ii) signing authority in any account located outside India; or
.
(iii) income from any source outside India;
.
(II) has claimed any relief of tax under section 90 or 90A or deduction of tax under section 91; or
.
(III) has agricultural income, exceeding five thousand rupees;