Monika Bhargava (Chartered Accountant ) (83 Points)
27 July 2011which ITR is to be filled if someone have income from salary and deduction of interest from self occupied property ? ITR-1 or ITR-2?
does interest deduction comes under the category of brought forward losses from house property from previous years....
Shah Tarun
(Student)
(800 Points)
Replied 27 July 2011
| Originally posted by : Shah Tarun | ||
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In your case,You need to file ITR-1 And plz make your 2nd question more clear,Current year's interest will taken as loss from house property,if self occupied, If assessee could not set of such loss from income of other heads then such amount of Interest will be carried to next year.. |
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Monika Bhargava
(Chartered Accountant )
(83 Points)
Replied 27 July 2011
@ shah tarun : i want to ask current year's interest deduction on house property ......
and in ITR -2 it is written that "enter nil if loss" for income from house property .....it means that negative figure in case of income from self occupied property then what will we do ?
CAclubindia
