Exemption for housing loan interest


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 September 2013 respected sir ,
i am filing form 4s for my eligible retail business and claim exemption for housing loan payment under sec 6a . someone may suggest that may i have to show my residential house under aseets colum in form 4s .thanking you

30 September 2013 No. Your home is not your business asset. If the home is let out then mention income from house property in column 3.

In case it is self occupied claim deduction under 24B in Column 3.

claim deduction for repayment principal loan amount in column 6A.


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