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itr 1
please advise where interest on home loan and where principal amount paid to be shown in ITR 1
Replies (5)
Interest shall be shown under Capital gain income head
Principal will be shown under 80C
Interest on home loan in above example is interest paid during year to bank
| Originally posted by : Pramod Thakur | ||
 |
Interest on home loan in above example is interest paid during year to bank |  |
Yes
can you tell me where it will be shown? should deduction be claimed from income from house property
| Originally posted by : Pramod Thakur | ||
|
can you tell me where it will be shown? should deduction be claimed from income from house property | |
Yes.
IN Part A of PNL you can show under No account case business income and expenses
In schedule of HP you can claim deduction of HP which will be carried forward and not adjusted against income of business
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