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INCOME TAX RETURN IN WHICH FORM ITR-1 OR 2

This query is : Resolved 
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(Querist)
20 July 2007 1. IN F.Y. 2006-07 MY SALAY INCOME AND INCOMEE FROM INTEREST ON NSC I CAN FILE MY INCOME TAX RETURN IN FORM ITR-1 OR ITR-2.

2. ONE OF MY FREIND HIS SALARY INCOME AND LOSS FROM HOUSE PROPERTY( INTT ON HOUSING LOAN) WHICH FORM HE FILE HIS INCOME TAX RETURN ITR-1 OR ITR 2.
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
20 July 2007 Reply to your Query

1. If your income includes salary & NSC interest, you can file your return in ITR-1 only.

2. In case an assessee has to claim loss from house property and has income only from salary for the year 2006-07, he has to file his return in ITR-2 only.
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Sanjeev Kumar Varshney

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Sanjeev Kumar Varshney (Expert)
20 July 2007 You should file ITR 1 and your friend ITR 2
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