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PARAS SOMARWAL

Selection of Return...
I am govt employee .. i am salary person. i got salary arrior during FY 2017-18 .. for relief section 89 with form 10E.. WHAT type of ITR will fill by me.. ITR 1 or ITR 2 ?
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Amlan Dutta
Scope of taxable income determines return selection ...salary(including arrears ) head is present in ITR 1 ...you can therefore use ITR 1 ....Ensure yo submit form 10 E online first before claiming arrear relief in ITR return( relief under section 89)
  • May 15, 2018
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Amlan Dutta
Return selection depends on income heads representing scope of taxable income ...here it is salary (salary arrears shall also ide depicted in salary schedule itself ...You can therefore use ITR 1 to represent scope of taxable income.. remember to submit form 10 E online before claiming relief under...
  • May 17, 2018
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Ace Wings

Selection of Return...
Hi Amlan, For AY 2018-19,
For an Indian doctor residing in India and practising in a rented polyclinic and having stocks and mutual funds & doing some activity as stargazing or private coaching as income sources, and income around 2 lakhs, is ITR-3 the correct form to fill? Do you have a tutorial te...
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Amlan Dutta
Am assuming the following.......................
AY 2018 19 - Non senior resident individual
...
  • May 14, 2018
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Ace Wings
Thank you.
  • May 14, 2018
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Naresh Yadav

Return for Salary, Interest...
Dear,sir I have a one question is I am sallired employee and have income of interest of lic premium .so which ITR have filled.ITR 1or ITR 3
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Amlan Dutta
Selection of return must be such that a person can depict all income heads applicable to him /her in the return ...in your case , your scope of income is from salary and interest income ( income from other sources) ...clearly the same can be presented using ITR 1 ....so , you can use ITR 1 ...you ha...
Selection of return must be such that a person can depict all income heads applicable to him /her in the return ...in your case , your scope of income is from salary and interest income ( income from other sources) ...clearly the same can be presented using ITR 1 ....so , you can use ITR 1 ...you have no business income so why should you use ITR 3 and complicate matters ..........check the attached picture where you shall put the salary and the interest income.......
  • May 12, 2018
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Naresh Yadav
Thank you sir.
  • May 12, 2018
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sravan

Selection of Return...
Whether to file ITR -1 or ITR-2 for NRI- Long and short term mutual fund capital gains less than 10 lakhs..
Is there any criteria based on profit income range..?
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Amlan Dutta
For AY 2018 19 , the new form ITR - 1 (SAHAJ) does not request for the residential status for the individual and is not applicable to those with residential status qualifying as RNOR nor to non residents (NR). So, NRI shall file ITR 2 ..there is no criteria based on profit income range. And as far...
  • April 26, 2018
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sravan
Amlan ji, thanks for swift response. One more clarification needed.
  • April 26, 2018
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Bishwajeet kumar mishra

Selection of Return...
Sir, i am a Government employee. Till now i have submitted ITR 1 . For FY 2017-2018, i have invested in Mutual Fund , SIP and some liquid funds. Which ITR am i required to submit?
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Amlan Dutta
See, investment's doesn't translate to income ...some of the investments can enjoy
deduction benefits ( under section 80) to reduce taxable income. Since you are a government employee, i presume that you must be earning salary income and therefore the ITR 1 filed for so many years . You can do the ...
  • April 17, 2018
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SRINIVASA NAIDU

Selection of Return...
Sir I run small business, my business income is approx 2.7 lakhs, and also I have income from agriculture with rupees 2.4 lakhs. I am resident of india,my age is 35, so which itr form should I fill. Please suggest me
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Amlan Dutta
Scope of Taxable income for resident individual = Business, agriculture( exempt) .

Every year , the returns for individuals have started to vary in terms of income heads that it contains
In case you decide to show business income on presumptive basis use ITR 4 else use ITR 3 ( Return for AY 2018 ...
  • April 20, 2018
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MANISH MITTAL

Selection of Return...
Which ITR I have to file. I have capital gain too from sale of mutual funds.

Also my main source of income is commission earned from distribution of mutual funds???

Is it ITR 2 or ITR 4 ????
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Amlan Dutta
Income from profession and sale of mutual funds (capital gains )...this can be represented using ITR 3 and so you can file using ITR 3 for AY 2018 19 ( for different years you need to study whether the return has those income heads)
  • April 18, 2018
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