ITR for Home Loan interest exemption

Keshav

chartered accountant

286 Points Posted on 30 June 2011

itr 1 for person having salary and income from house property

Sunshine

Helping All

10575 Points Posted on 30 June 2011

ITR 1...............

Pankaj Arora

Job

150 Points Posted on 30 June 2011

ITR 1.......

CA Himanshu Khurana

Chartered Accountant

813 Points Posted on 30 June 2011

ITR I (Sahaj) for A.y. 2011-2012

CA. Roopali Kadam

Jobs on assignment basis.

1481 Points Posted on 30 June 2011

agreed with above

Devendra

Chartered Accountant

4780 Points Posted on 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

Navina

Artical

64 Points Posted on 01 July 2011

Agree with Devendra

anamika

None

28 Points Posted on 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?