I wanted information on which ITR to file if I am a salaried person, having 2 house properties wherein one is self occupied and claim interest on loan and loan principle. The other property is rented. So is it income from one house property? If so then it should be ITR-1, however if zero income or negative income is also treated as income then it may be treated as income from more than one house property and in which case should i file ITR-2?
thanks for your reply, I have income from only one house property which is rented. so why cant i file ITR-1. the other house property is self occupied and hence not generating any income. are you saying that since the second property is on loan and it is generating negative income since i am claiming loan interest. and therefore need to file ITR-2.