ITR AY.11-12
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2011
Dear
As per ITR 1 (SAHAJ), the person who have Income from one house property can use this form. I have one house property & this is let out. Afte computation, I found that the Loss from this house property is Rs.2,00,000/- because this was let out only for 3 months & the interest was too high in previous year.
now my question is; Which form should I use for my IT return of AY.2011-12.
Thanks in advance
As per ITR 1 (SAHAJ), the person who have Income from one house property can use this form. I have one house property & this is let out. Afte computation, I found that the Loss from this house property is Rs.2,00,000/- because this was let out only for 3 months & the interest was too high in previous year.
now my question is; Which form should I use for my IT return of AY.2011-12.
Thanks in advance
20 June 2011
ITR 1 cannot be used if you have Income from House Property. You have to use ITR2 in which loss on House Property can be carried forward.
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2011
Dear Sir,
Thanks for ur reply.
What I understood, If I have self occupied house & paying interest on loan. I should use ITR-1 (SAHAJ).
Thanks for ur reply.
What I understood, If I have self occupied house & paying interest on loan. I should use ITR-1 (SAHAJ).
20 June 2011
ITR-1 is only for salary & Interest income.
For Any Query, Online Income Tax Return filing(e-filing) and Quick Refund Contact:
ABHISHEK RANJAN SINGH
ARS Solutions
+91 9022838615
email2ars@gmail.com
For Any Query, Online Income Tax Return filing(e-filing) and Quick Refund Contact:
ABHISHEK RANJAN SINGH
ARS Solutions
+91 9022838615
email2ars@gmail.com
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