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Which itr form ??

Neha Shenoy (Student CA Final ) (65 Points)

17 July 2013

Should an individual use ITR 2 if he is salaried but has loss from house property in order to claim a set off ???

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CA Ruben Balooni (Professionalism ™) (1324 Points)
Replied 17 July 2013

No. An individual can file ITR-1 for reporting income/loss from 1 house property. In case the individual is having more than 1 house property then he has to file ITR-2. So in your case that individual can claim loss under the head house property by entering the loss amount prefixed with negative sign.

Regards,

CA. Ruben Balooni

Neha Shenoy (Student CA Final ) (65 Points)
Replied 17 July 2013

But when I enter a negative sign for House Property, it shows that u need to use ITR 2 to claim the benefit of set off/ carry fwd.

CA Ruben Balooni (Professionalism ™) (1324 Points)
Replied 18 July 2013

Originally posted by : Neha Shenoy
	But when I enter a negative sign for House Property, it shows that u need to use ITR 2 to claim the benefit of set off/ carry fwd.