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E-filing - itr1 or itr4s

ITR Filing 1391 views 6 replies

Ajit

Manager - IT Biz Relationship

24 Points Posted on 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

Replies (6)

CA Shubham Sarraph

CA CS PROFESSIONAL M.COM

555 Points Posted on 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 Posted on 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 Posted on 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 Posted on 03 February 2014

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

Vishal

Student

154 Points Posted on 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