Which amount should be shown as income from salary in itr1
This query is : Resolved
28 June 2013
Dear Sir/Madam,
1)Which amount should be shown as income from salary gross income or income excluding deductions U/S 10&16
2)Where should we show deduction on loan amount on housing loan interest in ITR1 or I'll have to choose other format of return for showing this deduction.
Expecting your EXPERT advice soon,
MAN....
1)Which amount should be shown as income from salary gross income or income excluding deductions U/S 10&16
2)Where should we show deduction on loan amount on housing loan interest in ITR1 or I'll have to choose other format of return for showing this deduction.
Expecting your EXPERT advice soon,
MAN....
Rupesh Jain
(Expert)
28 June 2013
AFTER DEDUTION OF U/S 10 SALALRY WILL SHOW AND INTT ON HOUSING LOAN WILL SHOW IN INCOME FORM HOUSE PROPERTY, YOU FILE ITR-1 OR ITR-2
28 June 2013
Dear Sir,
Thank you for your reply, but showing interest paid on loan for house property in income colomn will show increased income and hence increase my tax.
I've to get tax deduction on that amount to save tax.
MAN....
Thank you for your reply, but showing interest paid on loan for house property in income colomn will show increased income and hence increase my tax.
I've to get tax deduction on that amount to save tax.
MAN....
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