AGRI LOAN

Even if you declare loan amount (or agricultural income, if any) it will not change taxable values !!!

So, why all this hotchpotch....

As such ITR 1 or 2 will be applicable, (depending upon agri activities) where there is no option to file Balance Sheet and as such loan declaration not applicable......... Schedule AL is applicable only if aggregate income exceed 50 lakhs, so relax!!