Please Help: ITR-1 or ITR-2 which to file for FY 2010-11
Posted Date : 27-Jul-2011 , 10:30:49 am | Posted By Sanjiv Kumar
ITR-1 or ITR-2 which to file for FY 2010-11 as I am residing in Gurgaon in arented accomodation & I claim tax benefit on HRA and my parents stay in my home in Gurgaon on which I have taken home loan & I claim tax benefit on Principal (80C)& Interest(24b).Kindly replay at earliest as I have to file quickly.
Category : Income Tax | Answers : 3 | Comments : 5 | Hits : 1182
Answers
Answer By: PRIYANKA
Agree with vipin jee, as u will be claiming interest deduction by claiming it as a loss from house property ..so u will have to file ITR 2 and not ITR 1.
Answer By: CA. Sachin Data
ITR-2
Answer By: CA Rajnish
I am not agree to all my dear friends.You have to file return in ITR-1 because u have only one residential house property and its Instalment and interst is taken by you in your form 16.so please file easily ITR 1 showing interest as Loss of own house property income and Instalment amount as u/s 80C.
Comments
CA VIPIN GARG
27-Jul-2011 , 02:59:31 pmITR - 2, because if you want to claim the interest deduction you have to hit the head of house property which is there in itr - 2 and not in itr - 1. have a nice day dearrrrr
Anjali Arora
27-Jul-2011 , 03:49:56 pmYou have to file your ITR in ITR 2.
CA Parveen Kumar
27-Jul-2011 , 06:41:36 pmYOU HAVE TO FILE ITR 2
Mukesh Goyal, Chartered Accountant
29-Jul-2011 , 11:16:31 pmITR -1 Also ITR -2 can be filed , no issues are there.
CA Rajnish
30-Jul-2011 , 11:25:55 amOnly ITR 1 is applicable here,sorry Mukesh ji if ITR 1 is sufficient you should not file ITR2.All ITR made for its special purpose.