Dear sir,
How can we claim deduction for Interest paid on Home Loan, under section 24 when filing returns under presumptive taxation section 44 ADA ?
I cannot find a column in ITR-4 for AY 2017-18 for filling in values for Section 24.
1 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 22 June 2017
Int will be deducted from house property annual value & income after such interest is shown in ITR.
If you have self occupied house & no income then show amt of interest as negative in house property income.
If you have self occupied house & no income then show amt of interest as negative in house property income.
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