Applicability of the ITR form 1 and 2
This query is : Resolved
21 July 2009
if the assesse has only Interest income (from the loans etc.) and no other source of income. which ITR form can be applicable for him?
Please clarify
Please clarify
21 July 2009
ITR 2
21 July 2009
ITR 1 will be suitable for you if interest received from Bank on FD\others, Otherwise to for ITR 4
21 July 2009
Please suggest me your answer after verifing the instructions given in ITR forms
21 July 2009
ITR 1 - for Individuals having salary/pension "AND" Interest income
Individuals having only
salary income - ITR 1 is applicable ( as per FAQ given in incometaxindia.gov.in)
Interest income - ?
Individuals having only
salary income - ITR 1 is applicable ( as per FAQ given in incometaxindia.gov.in)
Interest income - ?
21 July 2009
In your case ITR 2 is to be filed. ITR 1 is for the assessee who is having salary income as the main income. ITR 2 is for the assessee having other incomes with salary income. ITR 4 is for business returns.
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