ITR 1

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This discussion clarifies the eligibility criteria for filing Income Tax Return (ITR) 1. ITR 1 is suitable for resident individuals with a total income up to Rs. 50 lakh, deriving income solely from salary/pension, one house property, or other sources like interest and family pension. Given that the father has two house properties, he is not eligible for ITR 1 and should instead file using ITR 2.

lokesh ramesh

lokesh ramesh (Querist)
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11 February 2021 My father is a salaried employee having 2 house property can he file ITR 1 if not what ITR Form should he file. Kindly help me with the same

CA.Pujah

CA.Pujah (Expert)
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12 February 2021 ITR-1 Form is to be used by an individual who is a resident other than not ordinarily
resident, whose total income for the Assessment Year 2020-21 does not exceed Rs. 50 lakh
and who has income under the following heads:-
(a) Income from Salary/ Pension; or
(b) Income from One House Property; or
(c) Interest income and/ or family pension taxable under Other Sources.

So, file ITR-2

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lokesh ramesh

lokesh ramesh (Querist)
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21 February 2021 Thank you so much sir ........!

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