Online rectification for intimation under section 143

As You Atteched sheet, the original return filed by You, there is no House property  head of income shown by You. so there is no chance to get deduction of interest on housing loan. if You have to get dedction of loan interest on housing loan, then firstly, You have to revised return.

Dharmesh,

I am planning to provide the revised return.

I want to know where should i enter "Interest from Housing Loan" in the Excel Utility.

Thanks,

Vijay V Menon

Hi,

Can anybody help me out on this?

Thanks,

Vijay V Menon

Usually... there will be an item ' Income from House Property ' .. which will be between Income from salary and other sources.. i.e. btwn cell 41 and 42 of ur excel sheet..

under income from house property. u can give ur interest amt of 1800 in negative.. indicating that the amount is deductable :)

so it will be as shown below

income from salary -    xxx

income from house property -  (-) 1800

incoem from other sources - xxx

gross total income - xxxx

etc.

:)

Usually... there will be an item ' Income from House Property ' .. which will be between Income from salary and other sources.. i.e. btwn cell 41 and 42 of ur excel sheet..

under income from house property. u can give ur interest amt of 1800 in negative.. indicating that the amount is deductable :)

so it will be as shown below

income from salary -    xxxxxx

income from house property -  (-) 1800

incoem from other sources - xxxxxxx

gross total income - xxxx

etc.

:)

Aparna,

Thanks for the reply. But I do not see "Income from house property" in the excel utility for 2009-2010. please see below:

But the same is available in the excel utility for 2011-2012:

So, Where can i put the Housing Loan Interest?  Please help.

Thanks,

Vijay V Menon

from where did u get tht excel utility??

Aparna,

The excel utility is from the income Tax Website:

https://incometaxindiaefiling.gov.in/portal/index.jsp

Thanks,

Vijay V Menon

Hi,

Could somebody help me out on this?

:)

You opted for ITR 1...

rather it should have been ITR 2 ...

you can find house property option in that :)

Dear Vijay

The excel utility which you are selecting is ITR-1

But in this case you have to File ITR - 2

Sir,

You have used ITR I for filing your original return, which is only for income from salary and other sources( does not includes the head ' Income from house property' ).

For the purpose of filing revised return you must use ITR 2 which includes Income from -

1. Salary

2. House Property

3.Capital Gains

4. Other Sources.

Aparna/Govind/Sameer,

Saw this just now as I was away for some days.

Thanks a lot for the clarification. Really appreciate it.

Regards,

Vijay V Menon