The Income Tax department has issued new Saral-II(ITR 1) form to be used for assessment year 2010-2011.

You can use the new Saral-II(ITR 1) form if :-

  • You have salary income
  • You have pension income
  • You have income from one house property excluding losses brought forward from previous year
  • You have income from other sources

You cannot use the new Saral-II(ITR 1) form if :-

  • You are a H.U.F.
  • You are a partnership firm
  • You are a company
  • You have income from business or profession
  • You have income from capital gains
  • You have income from two houses
  • You have income from house property including brought forward losses from previous year
  • You have income from winning a lottery or income from race horses.

Download the new Saral-II(ITR 1) form in excel format – Saral-II form.

If you can use the Saral-II(ITR 1), the filing of your income tax return next year should be much easier.

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