ITR 1 and ITR 2

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Kumar

Kumar (Querist)
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25 May 2010 Sir can u please explain the difference between ITR 1 and ITR 2.

And when to use ITR 1and ITR 2

Kumar.

MK GUPTA (Chartered Accountant

MK GUPTA (Chartered Accountant (Expert)
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25 May 2010 ITR - I is used for salary income and Ineretst income
ITR - II is there for salary + income from other sources

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CA.Pujah

CA.Pujah (Expert)
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25 May 2010 ITR - I is used if a person has only salary income and Ineretst income
ITR - II is used if a person has salary, income from other sources & Income from House property

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CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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25 May 2010 Inspite of above reply
ITR-1 is used by Individual
ITR -2 is used by Individual and HUF

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CS Richa Sharma

CS Richa Sharma (Expert)
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25 May 2010 Agree.

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MK GUPTA (Chartered Accountant

MK GUPTA (Chartered Accountant (Expert)
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26 May 2010 Dear All

ITR - II is used if a person has
salary income
income from other sources
Income from House property
Capital gain / Loss on sale of investments/property

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Kumar

Kumar (Querist)
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26 May 2010 thanks but than pls clarify a person having income from other source can use either of the forms.