ITR SELECTION AND QUERIES

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1) I HAVE 02 HOUSES, ONE IS SELF OCCUPIED AND ONE IS RENTED. I'M A SALARIED EMPLOYEE. WHICH ITR IS TO BE FILED?
2) MY SPOUSE IS CO-OWNER OF BOTH THE HOUSES BUT I AM THE ONLY ONE PAYING FULL EMI FROM MY ACCOUNT AND MY SPOUSE IS ALSO CO-BORROWER NOT PAYING ANY EMI. WHAT IS THE PERCENTAGE SHARE IN THE PROPERTY FOR MY AND SPOUSE TO BE SHOWN IN ITR 2?
3) AS I'M PAYING FULL EMI, I'M RECEIVING FULL RENT IN MY ACCOUNT. IF I PUT 50% PROPERTY SHARE, MY RENT WILL BE SHOWN HALF AUTOMATICALLY, HOW TO SHOW FULL RENT AGAINST MY MY NAME?
THANKS IN ADVANCE.
Replies (2)

1. ITR 2

2. 50:50... unless specified elsewhere..

3. As such not possible, specifically if she be in higher tax bracket, and had contributed her share in purchase of the property.

Please dont use capital letters to ask questions, its offensive. Please fill ITR2, if all money is invested by you, tax liability lies with you. Add extra amount under rent that cannot be realized


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