ITR 1 and ITR 2
This query is : Resolved
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.
And when to use ITR 1and ITR 2
Kumar.
25 May 2010
ITR - I is used for salary income and Ineretst income
ITR - II is there for salary + income from other sources
ITR - II is there for salary + income from other sources
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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
ITR - II is used if a person has salary, income from other sources & Income from House property
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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
ITR-1 is used by Individual
ITR -2 is used by Individual and HUF
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25 May 2010
Agree.
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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
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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26 May 2010
thanks but than pls clarify a person having income from other source can use either of the forms.
26 May 2010
only form 2
27 May 2010
For A/Y 10-11, if he has income from horse race or from winning lottery then ITR 2 otherwise he can use Saral 2 (ITR 1)
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