Hello,
Which ITR form I should fill to avail the benefit of Home Loan interest exemption?
I have income only from Salary.
Thanks & Regards,
Nikhil
9 Replies
Keshav
(chartered accountant)
(286 Points)
Replied 30 June 2011
itr 1 for person having salary and income from house property
CA Himanshu Khurana
(Chartered Accountant)
(813 Points)
Replied 30 June 2011
ITR I (Sahaj) for A.y. 2011-2012
Devendra
(Chartered Accountant)
(4780 Points)
Replied 30 June 2011
You can use ITR-1, only if the assesse has One House Property. If mopre than one house property, then file ITR -2.
Regards,
Devendra
anamika
(None )
(28 Points)
Replied 03 July 2013
1. I have taken a housing loan to purchase a new flat and am paying EMI. I have no other housing property. As on 31st March 2013, I have not got the possession of the apartment.
Can I claim Home loan interest exemption for the above?
2. With respect to above scenario, for AY 2013-14, which ITR should I fill in?
3. I believe, even if I am not able to abail the exemption for AY 2013-14, I would be able to do so once I get possession of the flat, and then, I can claim exemption for the interest paid for the period the apartment was under construction, @ 20% of the unexempted amount (until the flat was ready for possession) for next 5 years. Is this correct?
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