Hello expert,
while filling ITR4 my self occupied house property loss is 124000 due to home loan interest.
in online ITR4 showing '' maximum loss from house property can be setoff 200000. to avail benefit of carry forward and setoff please use ITR 3/5''
now what should i do? can i proceed further or should shift on ITR3?
4 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 21 July 2020
Since your loss is not exceeding the maximum amount of loss to be set off thus you can file ITR 4 and set off the loss
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 21 July 2020
Your loss is less than 2,00,000/- So, u can use ITR 4 and set off the losses against your other heads of income in ITR.
annu Goyal
(1102 Points)
Replied 21 July 2020
As your loss from house property is less than 200000/- then you are free to file ITR4 and set off loss
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