House property
This query is : Open
19 August 2011
I had purchase a house and taken loan amounting to Rs. 525000/-. I had paid housing loan interest of Rs. 32043/- out of which principal amount is seperat.But in the ITR - 4 in which section we should mention amount of Rs.32043/-. He is individual person.
19 August 2011
In the House property sheet the column H 38 named as (g) Interest borrowed capital
19 August 2011
Losses of current year to be carried forward (total of xi of Schedule CFL).
Is it right....reply me soon..pls...
Is it right....reply me soon..pls...
19 August 2011
yes. it need to be carry forward where the set off of loss cannot done fully in current year
19 August 2011
Your house property losses can be set off against other income of current year also.
You need not go to so far
.
First Go to Shedule HP. It is perhaps Second Schedule below the Verification portion.
.
Tick at appropriate place , whether the property is let out. If self occupied keep it unticked.
.
You have to fill up the amount against clause (g) Interest payable on borrowed Capital.
.
In case of manual filing .....
In (h) write again the interest figure .
In (i) write (-) 32043.
.
Then you have to suitably enter/check the details in Schedule CYLA.
You need not go to so far
.
First Go to Shedule HP. It is perhaps Second Schedule below the Verification portion.
.
Tick at appropriate place , whether the property is let out. If self occupied keep it unticked.
.
You have to fill up the amount against clause (g) Interest payable on borrowed Capital.
.
In case of manual filing .....
In (h) write again the interest figure .
In (i) write (-) 32043.
.
Then you have to suitably enter/check the details in Schedule CYLA.
19 August 2011
I have filed and as per your suggestion but my coligu told me it wrong. It is showing in system generated file in current year losses if any ...He told me for revised filing..what should I do...
I have already sent to Bangolore this hard and soft copy and right now I want again housing loan ...Should I go to putup this file for loan process...
I have already sent to Bangolore this hard and soft copy and right now I want again housing loan ...Should I go to putup this file for loan process...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Merchant Export Accounting
- Lease agreement and tax on sale
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
