Taxmann

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Querist : Anonymous

Querist : Anonymous (Querist)

08 March 2012 hi,
Can anybody tell where to show interest on home loan in TAXMANN.

Help plzzzzzzzzz

Querist : Anonymous

Querist : Anonymous (Querist)

09 March 2012 Dose anybody know to work in Taxmann.
Please assist.

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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26 July 2025 Sure! If you're using **Taxmann's Income Tax Return (ITR) software** or their online return filing system, here's how to show **interest on home loan** correctly:

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### 🔍 **Where to show Interest on Home Loan in Taxmann?**

It depends on **which type of ITR** you're filing (most likely ITR-1 or ITR-2 for salaried individuals).

#### ✅ If you are a **Salaried Individual** and filing **ITR-1 (Sahaj)**:

1. **Go to: "Income Details" or "Salary" section**
2. Under **Income from House Property**, enter:

* Type of property: **Self-occupied** (if you live in it) or **Let out**
* **Gross Annual Value** = ₹0 (if self-occupied)
* **Interest on Borrowed Capital**: Enter **negative amount** (e.g., `-200000`)

* Maximum limit for self-occupied property: ₹2,00,000
3. The software will automatically compute the loss under "Income from House Property" and adjust it against your income.

#### ✅ If you're using **Taxmann's online portal/software**, it should be:

> **Section: Income from House Property → Self-occupied Property → Interest on housing loan**

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### 📝 Additional Tips:

* **Principal repayment** (u/s 80C) is shown separately under **Deductions → Section 80C**.
* Keep **loan certificate** from bank/HFC as proof.
* If it's a **pre-construction interest**, claim it in **5 equal installments** starting from the year of possession.

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Let me know the **exact version** of the Taxmann software or whether you're using their **web version**, and I can give more tailored navigation!

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