Query

https://www.mca.gov.in/MCA21/faq_annualfiling1.H T M L

hi,

I think that's not enouth 

I have one house on my name and the home load associated to this has been closed last year 2013. I took a fresh homeloan to book an underconstruction house in 2011 (jointly owned by me & my wife) for which I got the possession in Dec 2013. I have not let out the second property. Now I would like to understand the following:

1) As my first home loan has been closed, can I get deductions under 80C for the principle amount of second home loan.

2) Since I have not letout my second property what will be the tax treatment for the Interest component of the homeloan for the second home.

3) Do i need to pay any wealth tax, if yes can you share links where I can get more details on calculating wealth tax.

4) Since I am don't have any other sources of Income other than Salary, should I file return under ITR1 or ITR2.