28 June 2014
Sir, kindly clarify following doubt:-
- should the flat acquired (approx Rs 35 lakh) in 2013-14 be shown in ITR-2? If yes, then in which part of ITR-2?
- which part of ITR-2 should we enter home loan interest amount paid in 2013-14, to claim deduction under sec 24 of IT. In one excel form of ITR-2 available on internet, filling interest information under "Schedule HP" of ITR-2, carries forward the dedn for the next Assmnt year instead of 2014-15?
28 June 2014
you can file ITR-1 if your exempt income below rs. 5000/-
otherwise itr-2
your house is self occupied then you can enter the negative (-) figure in income from house property of intt. paid by you on loan up to rs. 150000/- if your intt above rs. 150000/- then upto rs. 100000 you can claim u/s 80EE . if your intt. of Rs. 100000/- not use for the f y 2013-14 then you can calim the balance of Rs. 100000/- can claim in next year.
28 June 2014
you can file ITR-1 if your exempt income below rs. 5000/-
otherwise itr-2
your house is self occupied then you can enter the negative (-) figure in income from house property of intt. paid by you on loan up to rs. 150000/- if your intt above rs. 150000/- then upto rs. 100000 you can claim u/s 80EE . if your intt. of Rs. 100000/- not use for the f y 2013-14 then you can calim the balance of Rs. 100000/- can claim in next year.
answer to Question 1 is that you dont show the purchase in the ITR. You just show the income earned from the same and this income is shown in HP sheet along with interest deduction