09 July 2011
My Mom is a Govt Employee... She has taken a house loan... i want to know that which form to fill (for A.Y. 2011-12) to claim rebate for interest paid on house loan
11 July 2011
Thanks Sir But under what section the rebate is to claimed. could you also please tell where its is mentioned in ITR 1, as i m not able to find the same
11 July 2011
Thanks Sir But under what section the rebate is to claimed. could you also please tell where its is mentioned in ITR 1, as i m not able to find the same
03 August 2025
Great question! Here's the clarification on **which ITR form to file** for claiming **deduction on interest paid for a home loan** by your mom, a government employee, for **AY 2011-12**:
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### Key points:
* **Interest on house loan** is claimed under **Income from House Property** (specifically section 24(b)) in the Income Tax Return.
* If your mom’s **only income** is **salary + income from house property (like the interest paid on house loan)** and **no business/profession income**, she can file **ITR-1 (SAHAJ)**, provided:
* Total income is under ₹50 lakh. * No capital gains or business income. * Income from one house property only (other than cases where loss is brought forward).
* **If she has loss from house property** (like interest paid exceeding rental income or self-occupied property resulting in loss), then:
* She should file **ITR-2**, because **ITR-1 does not allow reporting losses under Income from House Property**.
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### Summary for your case:
| Scenario | Form to File | Reason | | ----------------------------------------------------------------------------- | ------------------ | -------------------------------------------------------------- | | Salary income + claim interest deduction on **self-occupied house (no loss)** | **ITR-1 (Sahaj)** | Simple case, income from salary & house property (no loss) | | Salary income + loss from house property (interest exceeds income) | **ITR-2** | To report loss under house property, which ITR-1 doesn’t allow | | Any other income like capital gains, business income | **ITR-2 or ITR-3** | Depending on type of income |
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### How to claim interest on house loan in ITR?
* It is reported under **Income from House Property** as **negative income (loss)** if interest > rent (or self-occupied property). * This reduces taxable income, effectively giving the benefit.
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### So:
* Check if your mom has **loss on house property** due to interest payment exceeding rent or self-occupied house. * If **no loss**, then **ITR-1** is fine. * If **loss**, file **ITR-2**.
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**Note:** For AY 2011-12, ITR forms are a bit different, but these rules are generally applicable.
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If you want, I can help you fill the form or show you where exactly to enter the interest details. Would you like that?
CAclubindia
