dear
sir
where to show house loan interest in itr 1
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house loan interest in itr1
Replies (6)
housing loan interese will comes under section 24.In ITR -1; House property/ interest payable on borrowed capital, We can show in this column.
house loan repayment is for deduction u/s 80c and 24b.
principal amt is allowed u/s 80c and interest amt is allowable u/s 24b of house property head. in itr 1 after the complition of salary head there is income from house property in shown in negative or amt show in intt on loan.
principal amt is allowed u/s 80c and interest amt is allowable u/s 24b of house property head. in itr 1 after the complition of salary head there is income from house property in shown in negative or amt show in intt on loan.
Sir,
In case of self-occupied property then the limit for principal u/s 24[i.e., income from house property]is 2,00,000 lacs
In case of self-occupied property then the limit for principal u/s 24[i.e., income from house property]is 2,00,000 lacs
there is no limit for principal payment which are allowed u/s 80c but for self occupied property maximum interest is allowed 200000 under sec 24b under house property head
I agree with Parveen Garu but the limit under sec 80 c is 1,50,000.
yes i agree . maximum limit u/c 80cce( 80c+80ccc+80ccd) is 150000/-
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