03 March 2014
IF I HAVE SALARY INCOME OF 400000 AND HOUSE PROPERTY INTEREST OF 150000.....THEN IN MY GROSS TOTAL INCOME I WILL WRITE 400000.AS I CAN'T CLAIM DEDUCTION OF 150000.THEN WILL I SHOW IN INCOME TAX RETURN FORM 150000 AND HOW?
03 March 2014
1. You have to file ITR 2. 2. You will show Rs. 4 lakhs under Income from Salary. 3. Rs. 1,50,000 will be shown as loss under the head Income from House Property.
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