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Selection of ITR

13 December 2018

Sir I am A salarised person having A plot in my name and not having any other income , which itr form i have to fill? plz guide.

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13 Replies

Jalpa Joshi ( ) (86 Points)
Replied 13 December 2018

If you have income from salary, income from one house property, income from other sources like saving bank interest, FD interest etc than you have to file your return in ITR 1.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 13 December 2018

As per Your query You can file ITR 1 if one House.

Waseem Syed (271 Points)
Replied 13 December 2018

does it necessary to mention plot value ? if yes , then in which column?

Jalpa Joshi ( ) (86 Points)
Replied 13 December 2018

You should not mention value of plot. you have to show income from your plot i.e. rent you received under the head income from house property.

Waseem Syed (271 Points)
Replied 13 December 2018

thank sir , but if i didnot let out it . if i voluntarily want to show then where i have to show it?

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S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 13 December 2018

Just show a house as "SELF OCCUPIED HOUSE". No need show any value in that head.
Just show and compute Your salary income and Deductions...

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jyoti bhagchandani (fresher) (595 Points)
Replied 13 December 2018

there is no need for it sir... only show your salaried income in ITR 1... else you will have to file ITR 2 for disclosing your self occupied property... ITR 2 has separate column for House Property... there you can select self occupied and enter the details of your property ..

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 13 December 2018

No dear...
ITR -2 not applicable if One House property. ITR 1 is applicable for Single House Property...

Waseem Syed (271 Points)
Replied 13 December 2018

Thaanks all of you for your valuable guidance.

jyoti bhagchandani (fresher) (595 Points)
Replied 13 December 2018

but sir ITR 1 does not have column for disclosing complete details of the property as the client desires... so he can do so in ITR 2

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 December 2018

If single HP then Assessee will show if the House as Self Occupied or also can be show if it's rented. The option is there in ITR 1.

If Rented then tick rented opt-in and show the rent values...

If Self Occupied then Just click Self Occupied and give details of Address. No need / Ask the Values... 😊

CA. Mayur M. Mamtora (Chartered Accountant) (162 Points)
Replied 14 December 2018

ITR 1 if you have only salary income. No need to show property details if only 1 property and not rented.

If rented, then ITR 2 needs to be filed.

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 December 2018

Better to Understand or read the instructions of ITR forms....

Salary Income & one House Property if it's self occupied or rented then ITR 1 is applicable...

If more than One house property then ITR 2 is applicable....