frds
in itr 1 how to show intrest on house property loan deducted by employer
5 Replies
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 01 August 2012
SHOW NEGATIVE FIGURE LIKE THIS -150000
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 01 August 2012
Loan Taken From Employer ???
Interest Paid to Employer.
shiv verma
(accountant)
(116 Points)
Replied 01 August 2012
siddarth
intrest is also deducted frm income chargeable under the head salaries in form no16 given by employer.can we show salaries income after deduction of interst in itr 1
ayush
loan is not taken frm employer
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 01 August 2012
dear shiv,
Under head salaries show only income from slaries, show interest under the head salries,
both things are different, do not club it... though it is shown single in form 16 specify separately in ITR
shiv verma
(accountant)
(116 Points)
Replied 01 August 2012
siddarth
but in form 16 emplyer not shown sepratly interst he show salary after deducting interest
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