Difference between itr -1 and itr -2

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Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2015 Please point out the difference between the ITR-1 and ITR-2

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 June 2015 ITR-1 SAHAJ - is for Individual having only Salary & Interest income

ITR-2[For Individuals and HUFs not having Income from Business or Profession

Both forms have the basic general information and tax/tds details & verification details are same. the related income like capital gains/house property etc. will be addition in ITR-2

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2015 Is there any exempted limit in ITR-1 & ITR-2

Exemption like - medical reimbursement & LTA etc.

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