Which itr is to be used?

ITR 933 views 16 replies

Which ITR is to be used for filing Return of a person having Income from Salary and Rent from Land?

Replies (16)

You have to use ITR-2 that covers Individual & HUF's not having income from business & Profession.

itr-1 should be filed...
which that is for the year or assement year ?

For salaried persion having income aboe RS 5 lac which ITR form to be used? I thinki it will be ITR-1 form. Is that right?

@ trnghosh.... itr-1 to be filed.
i think itr-2 must be used
Of coarse itr 2 .itr 1 is mainly for salaried income assessee
ITR1 This Return Form is to be used by an individual whose total income for the year includes:- (a) Income from Salary/ Pension; or (b) Income from One House Property (excluding cases where loss is brought forward from previous years); or (c) Income from Other Sources (excluding Winning from Lottery and Income fromRace Horses) This Return Form cannot be used by any resident having any asset (including financial interestin any entity) located outside India or signing authority in any account located outside India. ITR2 This Return Form is to be used by an individual or Hindu Undivided Family whose total income for the assessment year includes:- (a)Income from Salary / Pension; or (b)Income from House Property (including cases where loss is brought forward from previous years); or (c)Income from Capital Gains; or (d)Income from Other Sources (including Winning from Lottery and Income from Race Horses). Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.
For the year ITR1 Assessment ITR2

Hello,

ITR-1 must be filled @ Suchinder, @ trnghosh.

 

Itr-2 I have recently filed the same....

ITR-1 is just for income from salary and intersest, if assessee have income from rent also ITR-2 has to be filled.

itr-1 also includes rental income but only from a single property. when there is rental income from more than one property then itr-2 should be used.

Retal Income from Letting out of Land is taxable under the Head "Income from Other Sources", further you do not have any business income.

You can file either of ITR1 or ITR2, you Should File ITR 1  as it is Sahaj & Shugam then ITR2.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register