Hi,
I'm salaried employee and have home loan account. I've declared home load in my company and i'm getting benifit of 150000 benifit in TDS calculation.
Recently i recieve my form 16 and i don't have to pay any more tax.
Should i file ITR1 as everything is mentioned in form16 or ITR2 because of home loan.
fyi. i don't have any income from home.
Dear Pratima
HI Ankit,
What loss from house property?? if you are talking abt paying interest that benifit i'd already availed and present in form16.
Dear Deepak,
In my opinion, declaration of income to the employer does not change the basic nomencleture of the income. it is just to avoid the employee from the headache of calculating and paying S.A Tax.
hers, house property income continues to remain so even though it is declared. thus ITR 2
Pratima,
you will not get any additional benifit on filing of the return. it is just a declaration of your income that is to be made
Ankit,
I know i will not get any other benifit. Just want to confirm ITR1 or ITR2 should i file. ITR1 is quite simple to file while ITR2 is bit difficult :)
Pratima,
i have sent u a Private Msg. pls go thru it. if u have a doubt u can rply by PM
If you have any income from house property then only fill ITR -2 , otherwise only ITR - 1 will be filed definately.
U SHOULD FILE ITR 1
IF ASSESSEE HAVE INCOME/LOSS FROM SINGLE HOUSE PROIPERTY THEN ITR 1 SHOULD BE FILED & IF INCOME /LOSS FROM MORE THEN 1 H.P. THEN ITR 2 IS OMPULSORY.
Dear Friends
from Asst year 2011-2012 you can file itr 1 in case your income is from salary , interest and house property.
regards Arvind
| Originally posted by : ROSHAN BHARTIA | ||
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U SHOULD FILE ITR 1 |
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Income from house property also includes Loss form house property.....
So i think u should file ITR 2..
CAclubindia
