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Query in form 16

Others 400 views 3 replies

Siddharth

Thinker

267 Points Posted on 29 July 2015

Hi, In form 16 my employer has deducted Interest on house loan from my 'Salaries'.. So my Net Salary income is after Interest deduction. Is that format right?

Replies (3)

Udgam Koomar

Tax Technologist

1949 Points Posted on 30 July 2015

Form 16 provisioning is ok as there is no newformat for such decustions but when you fill ITR form, calculations will remain same even when you show at different places.

vishnu bhardwaj

Tax Advocate

212 Points Posted on 30 July 2015

dear you file the itr 1 as per form 16

Sahil Bhatia

Practicing Chartered Accountant

290 Points Posted on 30 July 2015

Use clear tax website and upload form 16.

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