1) WHICH FORM SHOULD A PERSON NEEDS TO SUBMIT IF HE IS A SALARIED EMPLOYEE WORKING IN A PUBLIC SECTOR HAVING NO OTHER SOURCE OF INCOME EXCEPT SALARY?
2) ALSO THE PERSON WANTS TO CLAIM PRINCIPAL AND INTEREST ON HOUSING LOAN AND THE PERSON IS NOT CLAIMING ANY REFUND.
SO WHICH FORM TO BE FILED ITR1 OR ITR2 ?
PLS REPLY.
ITR-2
ITR 2 is suitable for salaried persons claiming Housing loan principal deduction u/s 80C and claiming Loss from House property i.e. housing loan interest.
Hi Raghuram,
A Person has to file ITR-2.
( Just for your refernce - ITR-1 would be suitable if a person had only Salary Income.
However, here he also wants to claim deduction in respect of Interest on Housing Loan.
Person will get this deduction through "Income From House Property".
Hence ITR-2 will be suitable since it doesn't include in scope of ITR-1. )
itr 2
CAclubindia
