Confused on calculationg home loan intrest.
Querist : Anonymous
Mr. Ram declared that he will pay Rs.1.25 lac interest amount of home loan in F.Y 2012-13. His taxable amount of salary is 3 lac (After deduction of all allowance & investments). Now my question is-
1 - Should company considered the interest amount & not deduct any TDS while calculating the tax on his salary ?
OR
2 - Should company deduct the TDS from his salary (300000-200000 = 100000 *10.30% = Rs.10300/-)& ask him to clam the refund while filing his return.
Querist : Anonymous
That means company should not deduct the TDS from his salary ?
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
If we will show the interest part of home loan in form 16 (under loss from house property Rs 1.25 Lac)then Mr. Ram have to fill which form. ITR -1 Or ITR -2 ?
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