ITR-2 Housing loan intererest.
Mr. x has his form-16 calculation is as follows
Income chargeble under head salaies 434784
less: loss form house property :68774 (interest on HSG Loan)
gross total income :366010
deduction under chapter via : 20570 (principal HSG Loan)
total income: 345440
tax on total income:23088
edu.cess:693
Tax payable: 23781
TDS:23781
Tax pay/ref : nil
in the ITR-2 Where to fill the amount (interest HSG Loan) (I Downloded ITR-2 from income tax website)
i hav filled in SCHEDULE HP colum g (interest payable on borrowed capital)
but in part b TI (computation of tatal income) i am getting the interest amt in colum no.14(Losses of current year to be carried forward (total of xi of Schedule CFL)
where as in the form-16 the same interest has been deducted before GROSS TOTAL INCOME and because of which tax liability is less:
plz help how to get the exact gross total income as per form-16
CAclubindia
