Home loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2014
Please tell me the treatment of Home Loan Instalment and Intrest for Salaried Employee in ITR Filling...??
09 June 2014
Home loan:-
Principal Amount can b claimed in 80C
And interest will go to deduction u/s 24b in Income from House Property.
Principal Amount can b claimed in 80C
And interest will go to deduction u/s 24b in Income from House Property.
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09 June 2014
if there is only one house and exempt income is less than Rs 5000, you can file ITR1. else (if there is no business income) file ITR2.
you need to fill "House_Property" sheet. and mention interest in row "Interest paid on borrowed capital"
you need to fill "House_Property" sheet. and mention interest in row "Interest paid on borrowed capital"
Message likes :
1 times
09 June 2014
if there is only one house and exempt income is less than Rs 5000 then file ITR(1)
If there are more than one house or exempt income is more than Rs 5000 (and there is no business income), File ITR2.
you need to mention the same in "House_property" sheet. interest paid is to be mentioned in row "interest payable on borrowed capital"
Principal repayment is to be shown in sheet "80_"
If there are more than one house or exempt income is more than Rs 5000 (and there is no business income), File ITR2.
you need to mention the same in "House_property" sheet. interest paid is to be mentioned in row "interest payable on borrowed capital"
Principal repayment is to be shown in sheet "80_"
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