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This query is : Resolved
03 March 2014
IF I HAVE SALARY INCOME OF 400000 AND HOUSE PROPERTY INTEREST OF 150000.....THEN IN MY GROSS TOTAL INCOME I WILL WRITE 400000.AS I CAN'T CLAIM DEDUCTION OF 150000.THEN WILL I SHOW IN INCOME TAX RETURN FORM 150000 AND HOW?
03 March 2014
1. You have to file ITR 2.
2. You will show Rs. 4 lakhs under Income from Salary.
3. Rs. 1,50,000 will be shown as loss under the head Income from House Property.
Net Income will be Rs. 2,50,000
2. You will show Rs. 4 lakhs under Income from Salary.
3. Rs. 1,50,000 will be shown as loss under the head Income from House Property.
Net Income will be Rs. 2,50,000
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