in itr2 , for income above 50 lakhs is filling schedule AL mandatory? plus for movable asset e.g house if loan is taken then the cost will be including that loan amount or the amount just paid to seller + tds?
neha (Others) (420 Points)
24 July 2023in itr2 , for income above 50 lakhs is filling schedule AL mandatory? plus for movable asset e.g house if loan is taken then the cost will be including that loan amount or the amount just paid to seller + tds?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 24 July 2023
Yes, if total income is above Rs. 50 lakhs
Declare house property under Assets while loan liability under Liabilities.
neha
(Others)
(420 Points)
Replied 24 July 2023
sir does it have to be the amount in sale deed or the amount after loan interest ?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)