LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

E-filing - itr1 or itr4s

Ajit (Manager - IT Biz Relationship) (24 Points)

02 February 2014

Hi,

I am a salaried person and have two house properties - one self occupied & the other let out. When I select option prepare & file return online, I get two options - ITR1 & ITR4S.

Which return should I select? Please advise.

Thanks & Regards,

Ajit

Reply
Follow
Share

6 Replies

CA Shubham Sarraph (CA CS PROFESSIONAL M.COM) (555 Points)
Replied 02 February 2014

Hi Ajit......

You have to file your return with the option ITR 1.

ITR 1 is applicable for followings-

1. salary/pension

2. income from 1 house

3. other source

Whether ITR 4s is applicable for Presumptive Business.

Mihir (Wealth Manager) (5293 Points)
Replied 02 February 2014

If your exempt income is over Rs. 5,000/-, then you may file ITR-2.

sushil kumar ( CA Final-Audit Assistant) (528 Points)
Replied 02 February 2014

Dear,

If the house property income exists along with salary income, in this case ITR-2 should be filed

KORGAONKAR ASSOCIATIES (pratice) (118 Points)
Replied 03 February 2014

you have to file itr 2 download excel utility available in site fill carefully and upload

Vishal (Student) (154 Points)
Replied 04 February 2014

ITR - 2 Form

Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The deductions under Chapter VI-A are mentioned in item 5 (“Income and Deductions”) of this Return Form.

Income Tax Software