Income tax filing

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Manoj Sinha (Querist)
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11 July 2018 I have two home:
1. Self occupied: Interest on home loan > 2 lacs
2. Put on rent: Income = 3 lacs, Interest on home loan > 5 lacs
I have two questions:
A. Do I need to file ITR1 or ITR2?
B. How much exemption will I get? Only 2 lacs or 2 + 2 = 4 lacs?

Thank you very much in advance!
Manoj

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 July 2018 1. ITR-2

2. 4,00,000

Manoj Sinha

Manoj Sinha (Querist)
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12 July 2018 Hi sir, but when I put details of both houses in House Property schedule in ITR2 excel utility, it only gives me an exemption of 2,00,000. Do I need to put interest on self occupied property loan in some other schedule? please help.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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31 July 2024 https://docs.google.com/document/d/1Y7arwTAboRCtEXW5NXFpQrnBS3FpWG2geTFi5pQQlqo/edit?usp=sharing

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