Please, let me know,
Where and How to show Interest On Housing Loan in ITR 4 for AY 14-15?
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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.
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