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E-filing - itr1 or itr4s

Efiling 1320 views 6 replies

Ajit

Manager - IT Biz Relationship

24 Points Joined May 2009

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 Joined September 2012

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 Joined December 2008

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

sushil kumar

CA Final-Audit Assistant

528 Points Joined August 2010

Dear,

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

KORGAONKAR ASSOCIATIES

pratice

118 Points Joined December 2009

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

Vishal

Student

154 Points Joined July 2012

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