Itr 1 excel filling

This query is : Resolved

Naveen Sridhar (Querist)
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08 March 2014 Income details
Salary Rs.600000
Interest on housing loan Rs.(100000)

Gross Total income = Rs.500000

But my query is in ITR 1 excel form whether we should fill
salary 6 lacs and Income from house property as -1 lac or

directly salary as 5 lac (after setoff, net amt)?
Thank You for ur reply

But I received 143(1) notice specifying salary income as 5,00,000 (6-1 lac)

What shall i do now?

Please help me

Thanks in advance...

Ganeshbabu K

Ganeshbabu K (Expert)
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08 March 2014 Salary 6lakh
.
Income from house property as (-)1 lakh
.
You cant club both

Message likes : 1 times

@VaibhavJ

@VaibhavJ (Expert)
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08 March 2014 Hi

Under Income from Salary only Salary amount & loss on HP under Income from one House Property separately.

Thx

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Naveen Sridhar

Naveen Sridhar (Querist)
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08 March 2014 Thank You for ur reply

But I received 143(1) notice specifying salary income as 5,00,000 (6-1 lac)

What shall i do now?

Ganeshbabu K

Ganeshbabu K (Expert)
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08 March 2014 Do revised or rectification if u think there is mistake
.
.
Note: we dont what os there in ur 143 u better consult a tax practisioner for help