Sft in ay 2020-21

I have purchase house property in rs 2900000.
my 26as show 8n amt 2900000
so which form choose itr1 or 2
Replies (3)
Quick Summary
This discussion clarifies whether to use ITR 1 or ITR 2 when you've purchased a house property. The key factor isn't just the Statement of Financial Transactions (SFT) amount, but rather if you have income from more than one house property. If you've rented out your property and the income exceeds a certain threshold, or if you have income from multiple properties, you'll likely need to file ITR 2. Otherwise, ITR 1 may suffice, assuming no other complex income sources.

Your query is not clear please elaborate in detail.8n????..
My 26as show sft amt in rs 2900000
See, itr 1 and itr 2 is differentiated if you are having income from more than one house property in the f.y 19 - 20. Not because of sft . make sure if you have rented the house property , show that income and if it exceeds more than one as I said above, then only you need to file itr 2 ,else itr 1 assuming you have no business income and capital gains in 19 - 20.

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