Which itr form applicable

This query is : Resolved 

12 July 2012 if a person have hosing loan which itr form applicable to him

12 July 2012 ITR 1 if no other income except salary
ITR 2 if business income is not there.
ITR 4 if business income is also there.

12 July 2012 ITR 1 , 2 AND 4 Possible
ITR-1 Form

This Return Form is to be used by an individual whose total income for the assessment 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 from Race Horses).

ITR-2 Form

This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year includes:-

(a) Income from Salary / Pension; or

(b) Income from House Property; or

(c) Income from Capital Gains; or

(c) Income from Other Sources (including Winning from Lottery and Income from Race Horses)...

ITR-4 Form

This form is applicable, both, to Individuals and HUFs who carry out any business or professional activity in addition to having sources of income applicable to ITR-3.




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