Where to disclose Interest on Home Loan in ITR

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  1. Ravinder Singh

    Ravinder Singh New Member

    I am availing Home Loan interest benefit. Can we shown in the efiling ITR any column.
  2. Parul_Gupta

    Parul_Gupta Active Member

    The Interest on Home Loan would be allowed as a deduction under Section 24 in head - Income from House Property.

    Which ITR Form are you using??

    I'll just share a screenshot of where to disclose this Interest Income
  3. Ravinder Singh

    Ravinder Singh New Member

    I am using ITR 1 form

    VAIBHAV DILIP RANE Active Member

    In ITR 1, you can directly insert the Interest figure in Negative inIncome from House Property. Max Rs. 1,50,000 if Property is not Let out.
  5. Parul_Gupta

    Parul_Gupta Active Member

    In case the property is fully constructed and possession has been given to you - you can show the interest amount under head House Property... However, show this as negative as it would be considered as a loss under head house property...
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