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Interest on home loan

NITIN PANCHAL (SENIOR ACCOUNTANT) (51 Points)

09 October 2015

Please, let me know,

Where and How to show Interest On Housing Loan in ITR 4 for AY 14-15?

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7 Replies

S. Shiroor (Others) (1207 Points)
Replied 09 October 2015

iN hOUSE PROPERTY SHEET

interest on borrowed capital

NITIN PANCHAL (SENIOR ACCOUNTANT) (51 Points)
Replied 09 October 2015

BUT IF I SHOW THERE THAN ,IT NOT BEEN SHOWN DEDUCTED IN TI SHEET.

FOR DEDUCTION IN TI SHEET WHAT TO DO KNOW???

Vijay Mohan (637 Points)
Replied 09 October 2015

You have to show under income from house property

Aditi (Job) (205 Points)
Replied 09 October 2015

U hv to slct self occupied as type of property dn dyl show as deductn

NITIN PANCHAL (SENIOR ACCOUNTANT) (51 Points)
Replied 10 October 2015

Thank you so much.

JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)
Replied 10 October 2015

yes , and its exemption also

S.SUDHAKAR (proprietor) (23 Points)
Replied 11 October 2015

Under self occupied u can show interest on borrowed capital Up to Rs. 2 Lakhs as deduction. If u r not having any other income under the same head then this head may become negative balance. This negative balance can be set off against any other head of income.