Please, let me know,
Where and How to show Interest On Housing Loan in ITR 4 for AY 14-15?
Menu
Interest on home loan
Replies (7)
iN hOUSE PROPERTY SHEET
interest on borrowed capital
BUT IF I SHOW THERE THAN ,IT NOT BEEN SHOWN DEDUCTED IN TI SHEET.
FOR DEDUCTION IN TI SHEET WHAT TO DO KNOW???
You have to show under income from house property
U hv to slct self occupied as type of property dn dyl show as deductn
Thank you so much.
yes , and its exemption also
Under self occupied u can show interest on borrowed capital Up to Rs. 2 Lakhs as deduction. If u r not having any other income under the same head then this head may become negative balance. This negative balance can be set off against any other head of income.
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
