Which return to be filed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2012 for individual with salary income(tds not deducted)
income from other sources
loss from house property(not on rent)self occupied in which deduction of interest on loan paid to be claimed

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 July 2012 If you have only Interest & Pension income under income from other sources & have only one house property loss, then need to file ITR-1

Otherwise -ITR-2

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2012 income from other sources is only interest income from fixed deposits with ltd companies and interest on bank balance
what other income from other sources would require itr2 to be filed

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 July 2012 Incase of Income from Lottery, Income from maintaining race horses, income from sub letting etc. need to file ITR-2

you can file ITR-1

Querist : Anonymous

Querist : Anonymous (Querist)

26 July 2012 thanks a lot what r the consequenses if one files a wrong return

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 July 2012 return still valid, but may be incomplete return. A.O can call for the reason

Querist : Anonymous

Querist : Anonymous (Querist)

27 July 2012 thanks again
i was going thru itr 1 and it does not have a schedule for deductions unders sec 80 c so what should be done should i add the deductions and show total amount in the ist page
also there is a detailed schedule for deductions under sec 80g so is any attachmnent to be given

question no 2)my form 26 as and tds cert issued to me does not have six digit tds cert no so can i leave that coloum blank in the refunds schedule

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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28 July 2012 Yes. In ITR-1 there is no separate schedule for 80C,need to mentioned total amount in first page itself.

For 80G schedule need to mentioned the details, no need to given any attachment, no attachment allowed along with return. keep the attachment with you safely and produce when ever department ask you.

If you are salary case only form 16,there is not necessary to mentioned TDS certificate number, no space also in ITR-1. incase you have any other income and got form 16a then 8 digit number available in the certificate that you can mention, but that field also not mandatory field.

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