IT Return for Salaried Individual
This query is : Resolved
CPA Partha Sengupta
(Querist)
28 May 2008
Hi all,
A salaried individual having House Building Advance(HBA)wants to file IT retrun. Which return form he will choose? ITR1 or ITR2? Can any one tell me the basic difference between Return Form ITR1 and ITR2.
Please reply.
A salaried individual having House Building Advance(HBA)wants to file IT retrun. Which return form he will choose? ITR1 or ITR2? Can any one tell me the basic difference between Return Form ITR1 and ITR2.
Please reply.
SANDEEP AGGARWAL
(Expert)
28 May 2008
If he want to claim interest for that House building Advance then he has to submit ITR-2 otherwise ITR-1 will be applicable. Basically ITR-2 Require only when you have Income(Including loss on account of interest on that property) under head House property.
Regards,
CA. Sandeep Aggarwal
Regards,
CA. Sandeep Aggarwal
Gayathri Devi
(Expert)
29 May 2008
ITR 1 for Indiuval having salary
ITR 2 is for an Indiuval & HUF having all heads of income otherthan business
ITR 2 is for an Indiuval & HUF having all heads of income otherthan business
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