CA Bharat Nakrani (Professional) (46 Points)
23 December 2008Hi,
i am a salaried person. i am having other income as Bank Interest and Interest on Loan given to Relatives only.
Should i file ITR1 or 2 for my Income Tax return, i am confused?
In ITR 1 they have mentioned only Interest but in Excel format they gave a note in othere sources head as only Bank/NSC/FD interest..
Ravuri Rajesh
(Industrial Trainee)
(39 Points)
Replied 23 December 2008
Hi Bharat,
I feel that you have to file ITR-1. Please refer the attached instructions for further reference.
pappu mishra
(Service)
(121 Points)
Replied 24 December 2008
I am Sure that you have to file ITR 1 only.
Interest include interest from bank or relatives.
chauhan devendra
(student)
(103 Points)
Replied 24 December 2008
Dear, According to Incometax Website, they have intorduced all itr forms. ITR-1 is for salarised person not having any interest income on loan. But ITR-2 is for salarised person having any interst income on loan. So according to me you have to file ITR-2.
chauhan devendra
(student)
(103 Points)
Replied 24 December 2008
Dear, According to Incometax Website, they have intorduced all itr forms. ITR-1 is for salarised person not having any interest income on loan. But ITR-2 is for salarised person having any interst income on loan. So according to me you have to file ITR-2.
sudhir Chaurasia
(B.com ca (final) articel)
(83 Points)
Replied 24 December 2008
itr 1 is for your question becose it is for salary/ pension/family pension/interest
interest include any type of interest
jeevana
(Auditor)
(51 Points)
Replied 07 January 2009
HI BHARAT Dont confuse file ITR _1.As it is the only one for salaried people who have interest k if u have any confusion u can visit www.incometaxindiaefiling.gov.in
R.Suresh
(Sr. Executive)
(394 Points)
Replied 07 January 2009
You are going to file ITR 2 because you having the otherthan Bank interest.
CA Parvin Ahuja
(Chartered Accountant)
(408 Points)
Replied 08 January 2009
ITR-1 is meant for those assessees who have income from salaries,family pension and interest . So, in my opinion you have to file ITR-1. ITR-2 is applicable for those who are having income from sources other than business & profession e.g Salary, Capital Gains and income from house property.
HARSHIT KABRA
(STUDENT)
(81 Points)
Replied 08 January 2009
As per I.T.Act ITR-1 is for Individuals having Salary and interest income.
And ITR - 2 is for IND/HUF not having income from Business or Profession.
For your case u must file ITR-1.
HARSHIT KABRA
(STUDENT)
(81 Points)
Replied 08 January 2009
As per I.T.Act ITR-1 is for Individuals having Salary and interest income.
And ITR - 2 is for IND/HUF not having income from Business or Profession.
For your case u must file ITR-1.
CAclubindia
