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.