ITR DETAILS

[NEELAM SISODIYA]

IF EXEMPT INCOME (EXCEPT AGRICULTURAL INCOME) FOR ASSESSMENT YEAR 2015-16 IS MORE THAN 5000 THAN WHICH ITR IS TO BE FILLED ITR-1 OR ITR-2

AI Summary

Use ITR 2 for Assessment Year 2015-16 if Exempt Income (excluding agriculture) Exceeds 5,000. A query was raised regarding which Income Tax Return (ITR) form to use for the assessment year 2015-16 when exempt income, excluding agricultural income, exceeds 5,000. The response clarified that if the exempt income surpasses 5,000, ITR 2 should be used instead of ITR 1.