Applicability of the ITR form 1 and 2

This query is : Resolved

Prakash (Querist)
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21 July 2009 if the assesse has only Interest income (from the loans etc.) and no other source of income. which ITR form can be applicable for him?

Please clarify

CA.Varun Ranjan

CA.Varun Ranjan (Expert)
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21 July 2009 ITR 2

Rajesh

Rajesh (Expert)
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21 July 2009 ITR 1 will be suitable for you if interest received from Bank on FD\others, Otherwise to for ITR 4

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Prakash

Prakash (Querist)
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21 July 2009 Please suggest me your answer after verifing the instructions given in ITR forms

Prakash

Prakash (Querist)
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21 July 2009 ITR 1 - for Individuals having salary/pension "AND" Interest income

Individuals having only

salary income - ITR 1 is applicable ( as per FAQ given in incometaxindia.gov.in)

Interest income - ?

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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21 July 2009 In your case ITR 2 is to be filed. ITR 1 is for the assessee who is having salary income as the main income. ITR 2 is for the assessee having other incomes with salary income. ITR 4 is for business returns.