Income Tax returns - Forms ITR -1 and ITR - V changed

By Vijay Kumar

THE new ITR - 1 [saral - II] is for Individuals having Income from Salary / Pension / Income from One House Property (excluding loss brought forward from previous years)/Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses).

And the new ITR – V is for instances where the data of the Return of Income in Form SARAL -II (ITR -1), ITR -2, ITR -3, ITR -4, ITR -5, ITR -6 & ITR -8 transmitted electronically without digital signature.

CBDT Notification No 29/2010, dated April 23, 2010