rajesh (Asst Manager) (71 Points)
08 July 2012hi friends
in the instance stated below a person is drawing salary. He has also paid interest on loan for house property.
This interest is to be treated as loss on house property.
kindly tell whether ITR 1 or ITR 2 to be used.
Parihar Gopal
(Corporate Taxation )
(392 Points)
Replied 08 July 2012
CA.Saibaburao Nanduri
(Chartered Accountant)
(3847 Points)
Replied 08 July 2012
Dear Rajesh !
SAHAJ RETURN FORM ITR-1
This Return Form is to be used by an individual whose total income for the
assessment year 2012-13 includes:-
(a) Income from Salary/ Pension; or
(b) Income from One House Property (excluding cases where loss is
brought forward from previous years); or
(c) Income from Other Sources (excluding Winning from Lottery and
Income from Race Horses)
CAclubindia
