Interest on House building loan ...
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2011
I have received IT intimation u/s 143(1) and I wish to submit rectification u/s 154 of CPC.
I have paid interest of Rs.41000 on the borrowed capital for house building. I have wrongly placed the amount in Schedule VIA, and now I wish to rectify. I refer to the ITR2 file that is available at the IT website. I go to Schedule HP and enter the value 41000 at (g). Ideally a change should be observed in the box of C at the bottom. But it does not. Similarly, I visit Schedule CYLA. No matter wherever on the column 2 I place the figure 41000, nothing is reflected on cell 2(vi). As a result nothing s reflected at item 6 of Part B - TI.
Now my question is how do I put forward my claim of relief for interest on the borrowed capital for house building? kindly suggest.
I have paid interest of Rs.41000 on the borrowed capital for house building. I have wrongly placed the amount in Schedule VIA, and now I wish to rectify. I refer to the ITR2 file that is available at the IT website. I go to Schedule HP and enter the value 41000 at (g). Ideally a change should be observed in the box of C at the bottom. But it does not. Similarly, I visit Schedule CYLA. No matter wherever on the column 2 I place the figure 41000, nothing is reflected on cell 2(vi). As a result nothing s reflected at item 6 of Part B - TI.
Now my question is how do I put forward my claim of relief for interest on the borrowed capital for house building? kindly suggest.
08 February 2011
Dear Friend,
U just forward a letter to the concerned AO for the rectification U/s 154.Plz attach a copy of the Bank Interest confirmation from the concerned Bank.
U just forward a letter to the concerned AO for the rectification U/s 154.Plz attach a copy of the Bank Interest confirmation from the concerned Bank.
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Guest
(Expert)
09 February 2011
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