Itr filing
This query is : Resolved
02 August 2012
Dear Sir,
I am working in private sector,
I have form 16.
I took home loan in 2011-12.
I got my possession in May -2012.
in 2011-12 i paid principal amount Rs 34000 and interest Rs 54000.
My form 16 consider the principal amount only interest paid in 2011-12 will be claimed after possession i.e next 5 years equally devided amount.
So which ITR i need t file for this year
I filed ITR 1, where i entered details of form 16 , principal amount of the loan considered in it Rs. 34000. Pl. guide me whether i need to file ITR 1 or ITR 2???
I think for 2012-13 , if show interest of home loan then i need to file ITR2
Pl. guide me
I am working in private sector,
I have form 16.
I took home loan in 2011-12.
I got my possession in May -2012.
in 2011-12 i paid principal amount Rs 34000 and interest Rs 54000.
My form 16 consider the principal amount only interest paid in 2011-12 will be claimed after possession i.e next 5 years equally devided amount.
So which ITR i need t file for this year
I filed ITR 1, where i entered details of form 16 , principal amount of the loan considered in it Rs. 34000. Pl. guide me whether i need to file ITR 1 or ITR 2???
I think for 2012-13 , if show interest of home loan then i need to file ITR2
Pl. guide me
Amol S Joglekar
(Expert)
02 August 2012
you can file itr1. Claim 1/5th of the interest in 2011-12. Consider full principal amount in 2011-12
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