ITR 1 and ITR 2

This query is : Resolved 

25 May 2010 Sir can u please explain the difference between ITR 1 and ITR 2.

And when to use ITR 1and ITR 2

Kumar.

25 May 2010 ITR - I is used for salary income and Ineretst income
ITR - II is there for salary + income from other sources

25 May 2010 ITR - I is used if a person has only salary income and Ineretst income
ITR - II is used if a person has salary, income from other sources & Income from House property


25 May 2010 Inspite of above reply
ITR-1 is used by Individual
ITR -2 is used by Individual and HUF

25 May 2010 Agree.

26 May 2010 Dear All

ITR - II is used if a person has
salary income
income from other sources
Income from House property
Capital gain / Loss on sale of investments/property

26 May 2010 thanks but than pls clarify a person having income from other source can use either of the forms.

26 May 2010 only form 2


27 May 2010 For A/Y 10-11, if he has income from horse race or from winning lottery then ITR 2 otherwise he can use Saral 2 (ITR 1)



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries