Hi,
i am a salaried person. i am having other income as Bank Interest and Interest on Loan given to Relatives only.
Should i file ITR1 or 2 for my Income Tax return, i am confused?
In ITR 1 they have mentioned only Interest but in Excel format they gave a note in othere sources head as only Bank/NSC/FD interest..
Hi Bharat,
I feel that you have to file ITR-1. Please refer the attached instructions for further reference.
I am Sure that you have to file ITR 1 only.
Interest include interest from bank or relatives.
Dear, According to Incometax Website, they have intorduced all itr forms. ITR-1 is for salarised person not having any interest income on loan. But ITR-2 is for salarised person having any interst income on loan. So according to me you have to file ITR-2.
Dear, According to Incometax Website, they have intorduced all itr forms. ITR-1 is for salarised person not having any interest income on loan. But ITR-2 is for salarised person having any interst income on loan. So according to me you have to file ITR-2.
itr 1 is for your question becose it is for salary/ pension/family pension/interest
interest include any type of interest
DEFINITELY ITR -1
YOU SHOULD USE ITR-1
HI BHARAT Dont confuse file ITR _1.As it is the only one for salaried people who have interest k if u have any confusion u can visit www.incometaxindiaefiling.gov.in
You are going to file ITR 2 because you having the otherthan Bank interest.
ITR-1 is meant for those assessees who have income from salaries,family pension and interest . So, in my opinion you have to file ITR-1. ITR-2 is applicable for those who are having income from sources other than business & profession e.g Salary, Capital Gains and income from house property.
As per I.T.Act ITR-1 is for Individuals having Salary and interest income.
And ITR - 2 is for IND/HUF not having income from Business or Profession.
For your case u must file ITR-1.
As per I.T.Act ITR-1 is for Individuals having Salary and interest income.
And ITR - 2 is for IND/HUF not having income from Business or Profession.
For your case u must file ITR-1.
CAclubindia
