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....
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....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- TDS Challan Code
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
