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Help regarding 24q prepation for fy 2017-18

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MBA
104 Points Joined September 2015

DEAR SIR, I AM PREPARING TDS FUV. FILE IN RPU FOR QUATER 4 SALARY. THE FOLLOWING DETAILS ARE THE SALARY STRUCTURE OF MY BOSS.

GROSS SALARY- RS.11,77,200/-

LIC+EPF=1,50,000/-

HOUSING LOAN INTEREST PAID TO BANK FOR F.Y. 2017-18=RS. 3,13,379/-

NOW MY QUESTION IS 1) HOW MUCH HOUSING LOAN INTEREST CAN BE CLAIMED?

2) WHERE TO MENTION THE HOUSING LOAN INTEREST AMOUNT IN ANNEXURE II OF 24Q?

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On 22 May 2018 at 19:33 Report
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12244 Points Joined May 2017
if it's self occupied, 200000 can be claimed and the rest can be carried forward
if it's let out, entire interest amount can be claimed as deduction
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On 22 May 2018 at 21:02
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TDS Preparer
1464 Points Joined September 2017
Interest has to be mentioned under income from house property and the principal amount should be entered under 80c. Further if the loan is sanctioned during FY 2016-17 excess 50000 of interest can be shown under 80ee
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On 22 May 2018 at 21:19
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Practicing Chartered Accountant
1736 Points Joined August 2012
Yes rightly stated above... Interest depends on property is self occupied or let out and will be shown under income from house property.
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On 22 May 2018 at 21:34
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MBA
104 Points Joined September 2015

THANKS ALL. I AM PREPARING 24Q RPU.. WHERE TO MENTION THIS AMOUNT IN ANNEXURE II? I AM CONFUSED..WHETHER THE AMOUNT SHOULD BE MENTIONED IN ANNEXURE II OR NOT?

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On 22 May 2018 at 21:38
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12244 Points Joined May 2017
could you please WhatsApp to 9445955357
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On 22 May 2018 at 21:44
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MBA
104 Points Joined September 2015

OK I WILL WHATSAPP YOU.

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On 22 May 2018 at 21:51

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