if income from salary exceeds 50 lakh and there is income from 1 house & dividend too , which itr to file?
7 Replies
neha
(Others)
(420 Points)
Replied 15 July 2022
in itr2, after selecting resident theres another slab next to it ith so so many options of resident type, what to select in that, for born an staying in india person?
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 16 July 2022
Select as resident in India, and select stayed in India for more tham 182 days. For any queries contact caankithjain @ gmail.com
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 16 July 2022
ITR-1 only required in your case
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 16 July 2022
Who cannot file ITR-1 for AY 2022-23
- An individual with an income above Rs 50 lakh.
- An individual who is either a director of a company or has held any unlisted equity shares at any time during the financial year.
- Residents not ordinarily resident (RNOR) and non-residents.
- Individuals who have earned income through the following means:
- More than one house property
- Lottery, racehorses, legal gambling, etc.
- Taxable capital gains (Short-term and Long-term)
- Agricultural income exceeding Rs. 5,000
- Business and profession
- A Resident that has assets (including financial interest in any entity) outside India or is a signing authority in any account located outside India
- Individuals claiming relief of foreign tax paid or double taxation relief under section 90/90A/91
- Deferred income tax on ESOP received from an eligible start-up
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