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?
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177732 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 ?
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