I filed my return under section 44ADA, and shown loss on house property.
I received below mentioned notice under Incorrect Claim u/s 143(1)(a)(ii)
"The claim of set off of current year loss shown in part -BTI is not consistent with the loss computed in the schedules of the corresponding heads of Income OR the priority of set off of the current year loss is not consistent with the provisions of the Act."
In further column
Amount in ITR -0
Amount as computed- 154334
Variance-154334
Can someone help in understanding this,
1. Did I make any clarical/arithmatic mistake in filing my return.
2. Or Loss from House property is allowed to be duducted u/s 44ADA.
Kindly help.
Thanks and Regards
Anuj Mehta
CAclubindia
