itr form for claiming home loan interest deduction

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baljiit kumar

baljiit kumar (Querist)
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17 May 2016 itr form for claiming home loan interest deduction

CA Mithil Munot

CA Mithil Munot (Expert)
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17 May 2016 Please mention your income source

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CA MITHIL MUNOT
camithilmunot@gmail.com

baljiit kumar

baljiit kumar (Querist)
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17 May 2016 person is having income from taxi business, he has constructed home and taken a home loan, loan is taken in April 2015, what deduction he can take, and which form will be used.

CA Mithil Munot

CA Mithil Munot (Expert)
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17 May 2016 1) Home loan interest is to taken under income from House Property head.
2) Principal Payment is deductible under section 80c

For further information contact at camithilmunot@gmail.com

baljiit kumar

baljiit kumar (Querist)
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17 May 2016 will income from house property be taken in negative because of interest amount. and which itr form to be used.