Itr selection

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Chintan Trivedi (Querist)
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22 July 2013 I am salaried person having liability to pay interest on housing loan. I want to know which ITR to be used to file Income tax return for the AY2013-14.

Thanks For the help.

CA Kapil Verma

CA Kapil Verma (Expert)
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22 July 2013 if you are claiming exemption u/s 10:- like HRA, transport allowance more than 5000/- then filr ITR-2 otherwise ITR-1

Chintan Trivedi

Chintan Trivedi (Querist)
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22 July 2013 If I am using ITR - I, there to put the amnount of interest paid on housing loan (i think u/s 24). There is no raw or column for the same.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 July 2013 int paid on housing loan is to be shown under income from house property....if this head has negative income then u need to file ITR-2 ONLY and not itr-1.

Chintan Trivedi

Chintan Trivedi (Querist)
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22 July 2013 Thanxs for the prompt reply

Ganeshbabu K

Ganeshbabu K (Expert)
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22 July 2013 if you have loss from only one property you can file ITR for interest of HP with a negative mark in the coloumn of income from house property

Thanks & regards
Ganesh babu k

Chintan Trivedi

Chintan Trivedi (Querist)
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23 July 2013 The property is not let out property. It in the different city where I am live in. I am not getting any rental income from that property.