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Applicability of the ITR form 1 and 2

This query is : Resolved 
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(Querist)
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
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CA.Varun Ranjan

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CA.Varun Ranjan (Expert)
21 July 2009 ITR 2
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Rajesh

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Rajesh (Expert)
21 July 2009 ITR 1 will be suitable for you if interest received from Bank on FD\others, Otherwise to for ITR 4
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Prakash

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Prakash (Querist)
21 July 2009 Please suggest me your answer after verifing the instructions given in ITR forms
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Prakash

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Prakash (Querist)
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 - ?
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
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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