06 August 2024
I am trying to ON LINE fill ITR 2 under old regime Income details as under Salary. 11,00,000 Other income. 56000 Income from HP A. Rent received 120000 B. maintenance 30%. = 40000 C. Interest on home loan. 358000 Net income from HP A-B-C= 278000 Capital gain 120000 B/F. Loss from HP 88000 In schedule CFL after computing set off is says total loss from HP as 278000+ 88000= 366000 However in schedule CYLA it shows loss from HP as 278000 of which 200000 is set off against income and 78000 is carried forward. I feel CYLA should show losses as 366000 of which 200000 is set off against income and 166000 should get carried forwad. Could you please confirm why previous years losses on HP are not getting added where as as per act it can get carried forward till 8 years
CAclubindia
