Query on itr 2 filling

301 views 2 replies

Need some help in filling ITR2. I live in an owned (jointly with mother) property and recently I purchased another under construction flat (jointly with mother) in Dec 2017 on Bank loan. I will get possession after 4 years.

Question :Where in ITR2

1) Do I need to enter details of under construction property.

2) Where to enter pre EMI & interest details so that I can claim refund on interest after possession.

3) I have also paid TDS 1% while purchasing property. Where do I enter these details in ITR.

 

Replies (2)
1) No
2) No, Deduction on home loan interest cannot be claimed when the house is under construction. This pre-construction interest can be claimed only after the construction is finished.
3)You have paid TDS which is deducted by you from sale consideration u/s 194IA. Seller will claim TDS.
Thanks Sunil. To conclude no details of under construction property or loan interest I need to show in ITR 2

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