Loss from House property income
This query is : Resolved
05 August 2020
Dear All,
I have a own property which is letout and I am in rented property in another location.
I have a loss from house property of Rs.260000 wherein I can only take Rs.200000 as Maximum. To take the carried forward of excess Rs.60000 I have filled my details in ITR2 but IT portal says that Schema is incorrect and asking for ITR1.
But as we know in ITR1 we cant carry forward our losses. What is the solution to carry forward the loss of Rs.60000?
Thanks!
Good day!
I have a own property which is letout and I am in rented property in another location.
I have a loss from house property of Rs.260000 wherein I can only take Rs.200000 as Maximum. To take the carried forward of excess Rs.60000 I have filled my details in ITR2 but IT portal says that Schema is incorrect and asking for ITR1.
But as we know in ITR1 we cant carry forward our losses. What is the solution to carry forward the loss of Rs.60000?
Thanks!
Good day!
05 August 2020
60,000 cannot be carried forward for want of provision in law.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
