Non-residents / Resident but Not Ordinarily Residents and Ordinarily Residents.Īn individual having a total income of more than Rs 50 lakh, Director in a company, holding investments in unlisted equity shares, having income from following sources salaries, more than one house property, capital gains and income from other sources and having income from sources outside India and holding assets outside India. This form is for Individuals and Hindu Undivided Family HUFs not having income from profits and gains of business or profession. This form also applies to similar income of a different person say, spouse or child, clubbed in the hands of the taxpayer. When having income from following sources salaries, one house property, income from other sources including agricultural income up to Rs 5,000.
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