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

398 views 3 replies

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
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details