CAR DAMAGED due to floods - Exp. incurred 90,000 - insurance got 40,000 / to treat

bujjulu (e-TDS + IT return filer Hyderabad)   (731 Points)

06 February 2021  

INDIVIDUAL Assesee ....

car damaged due TO FLOODS - expenditure incurred for repair is 90,000 apps.

Insurance allowed is Only 40,000.

Can this loss be deducted from the PENSIONERS - PENSION AND OTHER INCOMES