Respected members,
I am a salaried person and my tax is deducted by my employer as TDS
I have purchased a house on loan in 2006 and staying in this house only. I am paying monthly installments for this loan.
Request you to please let me know which ITR form I should use ITR 1 or ITR 2.
Regards,
Amol S
ITR 1 will be applicable as per your Income...
ITR 1
Thx
You Welcome.....
Yes,
ITR-1
Thanks all
Amol
yes, ITR 1 will be applicable. You can claim a deduction of upto Rs. 150000 per annum for interest paid on house property.
YOU HAVE TO FILE ITR1
CAN CLAIM DEDUCTION UPTO 150000 P.A. FOR INTEREST PAID ON HOUSE PROPERTY
FOR PRINCIPAL AMOUNT U HAVE TO CLAIM FROM CHAPTER VA DEDUCTIONS....
ITR 1 SHALL BE APPLICABLE
If I have salaried income & rental income from house property
I have also taken loan on house property
Than, ITR 1 or ITR 2
ITR 1 have no details regarding the rent, interest on loan,
Please reply
ITR 1 is applicable.
ITR 1
as salary income is already taxed ...
PLS REFER THE CHART WHICH WILL CLARIFY WHCIH FORMS TO USE FOR WHAT
| For Þ | Individual | Individual, HUF | ||||
| Sources/Details of Income ß |
ITR-1 (SAHAJ) |
ITR-2 | ITR-3 | ITR-4 |
ITR-4S (SUGAM) |
|
| 1 | Income from Salary/Pension | • | • | • | • | |
| 2 | Income from Other Sources (only Interest Income or Family Pension) | • | • | • | • | |
| 3 | Income/Loss from Other Sources | • | • | • | ||
| 4 | Income/Loss from House Property | • | • | • | ||
| 5 | Capital Gains/Loss on sale of investments/property | • | • | • | ||
| 6 | Partner in a Partnership Firm | • | • | |||
| 7 | Income from Proprietary Business/Profession | • | ||||
| 8 | Income from Presumptive Business | • | ||||
| 9 | Details of Foreign Assets | • | • | • | ||
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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