A salaried individual having House Building Advance(HBA)wants to file IT retrun. Which return form he will choose? ITR1 or ITR2? Can any one tell me the basic difference between Return Form ITR1 and ITR2.
28 May 2008
If he want to claim interest for that House building Advance then he has to submit ITR-2 otherwise ITR-1 will be applicable. Basically ITR-2 Require only when you have Income(Including loss on account of interest on that property) under head House property.
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