Income from house property in itr-1 (itr one)

Hi,

I am eligible to file using ITR-1 but I used both ITR-1 and ITR-2 and entered the same values and saw that with ITR-2, I am getting a higher refund than with ITR-1.

Looking deeper, found that in ITR-2 when I specify income from house property, I can also specify "Tax paid to local authorities" ..... 30% of that amount is automatically deducted from the Income-from-HP

and so I am getting a higher refund with ITR-2.

(Note, I did not fill any of the other schedules in ITR-2 such as BYFL, CG, etc.)

This portion ("Tax paid to local authorities") cannot be specified in ITR-1 and so it does not come in the calculation and so the refund amount is less.

Am I expected to do compute this 30% deduction and then enter that amount in ITR-1?

Could someone check and elaborate?

thanks

Jeevan

 

Replies (3)

PS: I am using the excel utilities provided on the income tax website

"Am I expected to do compute this 30% deduction and then enter that amount in ITR-1?"

Yes, that is it.

Provide Net figure which is 'taxable income from House property' in ITR1 (or ITR4).

if one house property income and salary , you hae to file itr-1, deduction option also available in itr-1.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details