Section I: Income Tax and You

• Ques: Income Tax Return Forms
• Ans: Key points:
  • The forms Saral, Naya Saral, 2D, 2E are now outdated and can not be used to file returns.
  • Salaried employees should use either ITR1 or ITR2 to file returns.
  • Form ITR1 is applicable for individuals having Income from Salary, Pension, and/or interest.
  • Form ITR2 is applicable for all other individuals not having income form business and profession. I.e., if you have income/loss from house property, capital gains and/or other sources, you should use ITR2.
  • The new ITR forms are annexure-less, i.e., you do not need to attach any documentary proof such as Form 16, investment proof, etc.