INTEREST ON HOUSE LOAN

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  1. SUMIT ROY

    SUMIT ROY New Member

    Dear Sir/madam,

    Please let me know about:

    If a salaried person having a home loan, which he repays an interest amount of Rs 200000 during financial year 2015-16.
    How and where will he show the interest amount in ITR 1, so that he gets a deduction of amount Rs 200000..



    Pls do let me know about the treatment.

    Regards,

    Sumit Roy.
     
  2. ZED

    ZED Well-Known Member

    Is the property self occupied?
    Is the interest 200,000?


    Use -200,000 under Income from House Property.
     
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