Question 1: If you get the error as “Please select Proper XML file for processing”. Then you have to add the Income tax website into your trusted sites list.
Answer 1: For this open the Internet explorer -> Select the Tools tab -> Click Internet Options -> Choose Security tab -> click the Trusted Sites -> add the website https://incometaxindiaefilling.gov.in. Now try to upload the same XML file.
Question 2: Individual has loss from ONE house property. Can we submit ITR-1 or ITR-2 for AY 2010-11 / AY2011-12?
Answer 2: ITR-1 is having the provision to enter the details in the column “Income from one house property”. Here you have to enter the House property loss amount with negative sign (-). So ITR-1 is good to submit the same.
Case 1: Entering Values more than -1,50,000 say -1,70,000
When you press the Calculate Tax button it will ask “If the Property is Occupied by you (Self occupied) /then the maximum you can claim is Rs-1,50,000. Is your property Self Occupied?”
If you Rented out the property then you have to choose the “No” button, in turn it will accept your entered values, for self occupied property you have to choose “Yes” button, in turn it will reset the value to Rs-1,50,000 as per the IT norms.
Case 2: Entering values less than -1,50,000
When you press the Calculate Tax button it will accept your values.
