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ITR for Home Loan interest exemption

ITR 8536 views 9 replies
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28 Points Joined June 2011

 

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
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On 30 June 2011 at 09:50 Report
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chartered accountant
286 Points Joined July 2009
itr 1 for person having salary and income from house property
1 Reply
On 30 June 2011 at 09:58
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Helping All
10575 Points Joined March 2010
ITR 1...............
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On 30 June 2011 at 10:03
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Job
150 Points Joined December 2009

ITR 1.......

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On 30 June 2011 at 10:28
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Chartered Accountant
813 Points Joined April 2009

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

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On 30 June 2011 at 14:12
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Jobs on assignment basis.
1481 Points Joined December 2009

agreed with above

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On 30 June 2011 at 17:45
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Chartered Accountant
4780 Points Joined March 2009

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

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On 30 June 2011 at 23:06
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Artical
64 Points Joined February 2010

Agree with Devendra

1 Reply
On 01 July 2011 at 08:04
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None
28 Points Joined June 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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On 03 July 2013 at 13:15
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Sirsa
23 Points Joined December 2013

AGREE WITH DEVENDRA

 

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On 18 March 2015 at 13:46

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