For AY 2011-12: ITR1 or ITR2

For AY 2011-12, for individuals which ITR form should be used for filing returns with following income?

1. Income from Salary,

2. Income from Bank Interest

3. House Loan Interest for Housing Loan with one Housing property.

Thanks,

Replies (8)

I think ITR 1 would do

ITR 1                                         

ITR-1..Hardik open ITR and at starting poin you will come to know for which income what ITR is applicable...

Itr-1 is best

Thanks all for your replies...

Just to clarify further,

In ITR1, it is mentioned that "Income from one house property". So if one holds more than two house properties and/or also have capital gains, then he should be filing ITR2.

the free version of Saral IT software says it is ITR 2 for salary income andother income..


 

Originally posted by : praveen

I think ITR 1 would do

i want to know where we are show the Intrest paid on housing loan U/s 24 in ITR1 & other income reported by employee as per form 16 received by employee

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