Which Income Tax Forms / ITR Forms to use for AY 2014-2015
As Last date for filing Income tax returns is approaching (31-July), you must to looking into your financials to prepare returns.
It is important to check in which ITR form you should file your IT return. You should check , which Income Tax return (ITR) Form is applicable for you ?
Salaried employees will normally need to file their Income Tax returns in ITR 1 or ITR 2 (depending on the conditions below).
So please read the specific conditions to determine whether you need to file your returns in ITR 1 or ITR 2
ITR 1
You can file return in ITR 1if you have Salary income
If you have income from ONE house property (excluding cases where loss is brought forward from previous years.)
if you have income from other sources (except income from lottery or from horse races)
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