Which itr form to use
This query is : Resolved
12 November 2020
I'm a salaried employees with with 2 residential property but no earning from that. My first property is self occupied. I'm the first named joint owner of second property, jointly with my husband. The second property was fully funded by my husband thru bank loan and all IT benefit was claimed by him. Also in his itr he shows his share as 100%.
Should I use itr 1 or 2?
As there's no income or benefit from 2 property, can I file itr1
Should I use itr 1 or 2?
As there's no income or benefit from 2 property, can I file itr1
12 November 2020
File ITR 1 as 100% of other house is shown in ITR of your husband.
12 November 2020
Thanks for your advice and help. Also she has received an interest of rs. 1800/ being interest on infrastructure bond (which she had invested about 10 years ago). I believe the interest and dividends are taxable now. Can you kindly suggest under which head I shall book the earning. Thanks in advance
12 November 2020
Income from other sources is the head of income.
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