Pl Help. I have paid interest of Rs 24000/- as HBA for the Fy 2013-14. My Gross Salary is Rs 8,00,000.00 for FY 2013-14. While filing IT Return ITR I (SARAL), Where to show Rs 24000/-. 1) Should I show my Gross Salary as Rs 7,76,000/- in col 1 of ITR-1? OR 2) Should I show Rs - 24000/- [Minus Rs 24000/-] in Col 2 (Income from House Property? Pl Pl Clarify as there is No Column in ITR_1 for benefit of loan interest claimed from HBA.
In this Case you have to prefer ITR-2 and show loss under Income from house Property, you can't go for itr-1, itr-1 is for individuals having salary income and income from other sources(eg:interest,family pension etc..)
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Gupta Sachdeva & Co. Chartered Accountants
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