ITR Form

Hi, Vivek

Don't confused regarding ITR 2 and New Saral form. I am clarifying the matter.

Actually, ITR-1 has been renamed to Saral - II (ITR-1). But new addition to the format of ITR-1 is that, assessee can show “Income from House Property”.

• But, this House Property income can be of maximum ONE property. If more, use ITR-2. 
• Also, assessee can show the loss under House Property (interest paid) as negative figure over here. This should be arithmetically deducted to obtain “Total income”.

I hope, now you have clear the topit.

Dear Sir....

A.Y. 2010-11.....

SARAL - II....i.e ITR - 1...

- For Individuals having Income from salary / pension / Income from ONE house property (excluding loss brought forward from previous years) / Income from other sources (excluding winning from Lottery and Income from Race Horses).....