Hi,
I have a income from legal & professional fess, I am filing ITR 4. In ITR 4 deduction of hosuing loan interest whre to show
thanks
sangita
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Home loan
Replies (7)
Under the head Income from House Property.
Yes, in income from house property.
income from house property
Under the head Income from House Property.
Under the Schedule Income from House Property Fill in the details of the House property for which Interest is being claimed as a deduction.
PAN details of Tenant where the property is let out is optional.
Any payment made for purchase or construction of a residential house property.. which is chargeable to tax under the head “Income from House Property” towards any installment... or part payment due to any Bank, Financial Institution, Company or Co-Operative Society towards the cost of the house property allotted ... is allowed as deduction U/s 80 C of the Income Tax Act, 1961...!
Dear sangita,
U pay total amount of loan any way means installment principal paid + interest .. u pay interest on housing loan is allowed under section 24(B)..n principal amount is allowed u/s 80C.............
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