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Archive for June 28th, 2010

Open Question: from where can we know the statistics of the building materials imported by india?

June 28th, 2010 No comments

who is the authority to whom we can get the details about the building materials that india import every year

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Open Question: i want sbicradit card?

June 28th, 2010 No comments

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Open Question: Enquiry about the Tax return – India?

June 28th, 2010 No comments

I had the following concerns before filing this year’s return

1. How to declare BFLA : For the current year my interest on home loan was 1.41Lakhs. Also in 2005-06 the interest paid was Rs62000. Now since i can claim 20% of the 2005-06 payment each year. I had claimed 20% of 62000 also this year.
a. Now, how do i enter these values in BFLA section of ITR-2.
b. Is there any other condition that i need to be aware of. I did not declare Rs62000 as the paid interest in 2005-06 ITR. So can i still carry forward that loss

2. I paid about Rs1.8Lakhs as home loan interest in 2008-09. Now since the limit of rebate is only Rs1.5lakhs. I wanted to clarify if i can carry forward the differential loss
(ie. Rs1.8lakhs – Rs1.5lakhs = Rs30000) in the following years.

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