Jul

New Income Tax Saral-II(ITR 1) form

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.

Posted by Ranjeet Gill Income Tax Subscribe to RSS feed