Hi,
Recently i got a call from my income tax ward asking for confirmation of my address. Further i was told that they wanted to send some letter related to assesment year 15-16. I informed them that i already got refund in september 2015 for the same. The person said its ok and said they will send the letter to my current address. I am still waiting for that letter. Meanwhile i tried to figure out what may have went wrong and found that i should not have had taken exemption against home loan interest on self occupancy basis for fincancial year 14-15. I wasn't aware that is can be taken only from the financial year in which possession letter is given. I got possession in march 2016. This because of the fact that my seniors told me about the exception this way. Also i had submitted loan provisional letter in my organisation and they have given me the exemption. I have filled ITR on that basis only. I am worried and suspecting if this could be the reason. What shall i do. Kindly guide.
CAclubindia
