Hello Friend,
This will hepl u in Ur Articleship.
- DON'T MISS: Guidelines to filing your income tax return
- Salary;
- Interest received (taxable / exempt);
- Family pension;
- Agricultural activities.
- Any additional source of income (taxable / exempt) other than those mentioned above. Thus, if the taxpayer has dividend income (which is exempt from tax), ITR-1 will not be applicable;
- Brought-forward losses from earlier years are to be adjusted;
- Clubbing of income (even though such income is only on account of Interest) is applicable.
- Income / loss from house property;
- Capital gain / loss on sale of investments / property, etc;
- Dividend income (taxable / exempt);
- Gifts (taxable / exempt);
- Any other income (taxable / exempt), except from business or profession or share of profit from partnership firm;
- Income of other person to be included (i.e. clubbing of income);
- Brought forward loss of earlier years from house property and/or capital gains.
Applicability Criteria
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ITR-1
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ITR-2
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ITR-3
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ITR-4
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Based on status of the taxpayer
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Individual
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Individual & HUF
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Based on Income of the Taxpayer
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a
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Income from Salary / Pension
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b
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Income / Loss from House Property
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c
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Carrying out Business / Profession
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d
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Partner in a partnership firm
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e
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Capital Gains / Loss on sale of investments / property etc
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f
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Interest Income (taxable / exempt)
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g
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Dividend Income (taxable / exempt)
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h
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Family Pension
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i
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Gifts (Taxable / Exempt)
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j
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Casual Income
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k
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Agricultural Income
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k
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Other Income (Taxable / Exempt)
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l
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Income of other person clubbed
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m
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Unutilized Losses of Earlier years
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----- relating to House Property
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----- relating to Business Income
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----- relating to Speculative Income
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----- relating to Depreciation loss
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----- relating to Capital Gains
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- DON'T MISS: Guidelines to filing your income tax return
Sl no
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Descripttion
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