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Income tax

11 July 2020

I am senior citizen aged 71 years having income from pensions interest . No business income How ever i am a owner of one house in my single name and another in joint name . I have also income of rs.25000/- apprx from dividend frm equity. Which ITR form is applicable to me for AY 2020-2021?

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4 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 11 July 2020

YOu can go with ITR 1

CA ABHAY GUPTA (Practice) (3230 Points)
Replied 11 July 2020

ITR 1For Individuals having Income from Salaries/pension, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh.

you need to file ITR 2, you have to show one house as self occupied and other if not let out then deemed let out..

SUSHANT BIDAYE (578 Points)
Replied 11 July 2020

Yes. I agree with Mr. Abhay Gupta

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 18 July 2020

Yes, u need to file ITR 2 as u have more than one house property, you have to show one house as self occupied and other if not let out then deemed let out..

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