Following is the example (attached file)
Pl.guide me whether Loss calculated for F.Y.2015-16 is correct?
Calculation of CFL (Carried Forward Loss) is correct?
Whether calculated Maximum loss for Tax Clculation is correct?
SHRIHARI MARATHE (Retired Bank employee) (74 Points)
01 July 2016Following is the example (attached file)
Pl.guide me whether Loss calculated for F.Y.2015-16 is correct?
Calculation of CFL (Carried Forward Loss) is correct?
Whether calculated Maximum loss for Tax Clculation is correct?
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 01 July 2016
Assuming that the construction is completed during FY16 and that the house property is self occupied, the computation of loss for FY16 is correct.
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