how to include interest on home loan in ITR1 form in india?

Posted on Mar 16, 2013 in Stated Income Loans

no interest home loan
by jajacks62

Question by balaji m: how to include interest on home loan in ITR1 form in india?
trying to include home loan interest.. but where can i include.. row 2a have only positive No.s. i am individual salaried.

Best answer:

Answer by MP
If u want to include Int. on HL, information pills clinic then u should use ITR 2 & NOT ITR 1. In row 2 fill it as NIL. Fill the interest details in sch. HP & CYLA and then take it to Part B -TI.
The form itself suggests in brackets as to from where a figure is to be taken. Just follow it.

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One Comment

  1. Home loan interest deduction comes under Income From House property, which is schedule HP. You must file ITR-2.

    For home loan interest deduction under section 24(b) and capital deduction under 80C, read http://mytaxes.in/index.php?topic=9.0.