Who can use this Return Form: -
This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the includes:-
(a) If income from salary, HP and Other source more then Rs. 50 Lakh.
(b) Income from Salary / Pension; or
(c) Income from House Property; or
(d) Income from Capital Gains; or
(e) Income from Other Sources (including Winning from Lottery and Income from Race Horses).
(f) Agriculture income more then Rs. 5000/-
(g)Income of the person as partner in the firm.
Note: - Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.
Person cannot use this Return Form: -
This Return Form should not be used by an individual whose total income includes Income from Business or Profession.
This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the includes:-
(a) If income from salary, HP and Other source more then Rs. 50 Lakh.
(b) Income from Salary / Pension; or
(c) Income from House Property; or
(d) Income from Capital Gains; or
(e) Income from Other Sources (including Winning from Lottery and Income from Race Horses).
(f) Agriculture income more then Rs. 5000/-
(g)Income of the person as partner in the firm.
Note: - Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.
Person cannot use this Return Form: -
This Return Form should not be used by an individual whose total income includes Income from Business or Profession.
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