Which itr 1 to be used for ay2013-14

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2013 I have two house properties. one self occupied. No income or loss from the self occupied property. The other property is let out and have loss from that property which is set off against salary income.
My queries are 1) Can I use ITR 1 for AY 2013-14 for the above scenario 2) ITR 1 states that one can use this form only if he has income from one property. Does ownership counts or the number of income bearing properties? 3) if there is loss from house property for the financial year 2012-13, can itr i be used.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 July 2013 Since the self occupied property has no income( either +ve or -ve),ITR-1 is recommended.

Querist : Anonymous

Querist : Anonymous (Querist)

16 July 2013 Sir, in the same case cited above, for the last ay 2012-13, itr 2 has been filed, as in that year, the self occupied property had fetched a loss of 150000 and there was loss from the let out house property too.

so nothing wrong in filing itr 1 for the current assst year 2013-14? pls confirm

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