Query - Schedule AL - Home Loan

SabkaCA (Manager) (21 Points)

29 July 2024  

Hello, I hvae few questions regarding ITR-2 - Schedule AL. Request your response.

  1. I have home loan of ~INR 26 lacs and do i need to enter it in "C. Liabilities in relation to Assets at (A + B)" in Schedule AL of ITR2?
  2. I have both Life & Medical Insurance, do I need to mentioned sum of both the insurance premium or only Medical or only Life?
  3. In my SBI MaxGain home loan account I have parked some money so shall it be part of "a. Bank (including all deposits)"?

Thank you in advance!!!