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Itr filing

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(Querist)
02 August 2012 Dear Sir,

I am working in private sector,

I have form 16.
I took home loan in 2011-12.
I got my possession in May -2012.
in 2011-12 i paid principal amount Rs 34000 and interest Rs 54000.
My form 16 consider the principal amount only interest paid in 2011-12 will be claimed after possession i.e next 5 years equally devided amount.
So which ITR i need t file for this year
I filed ITR 1, where i entered details of form 16 , principal amount of the loan considered in it Rs. 34000. Pl. guide me whether i need to file ITR 1 or ITR 2???

I think for 2012-13 , if show interest of home loan then i need to file ITR2

Pl. guide me
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Amol S Joglekar

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Amol S Joglekar (Expert)
02 August 2012 you can file itr1. Claim 1/5th of the interest in 2011-12. Consider full principal amount in 2011-12
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