Should an individual use ITR 2 if he is salaried but has loss from house property in order to claim a set off ???
3 Replies
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 17 July 2013
No. An individual can file ITR-1 for reporting income/loss from 1 house property. In case the individual is having more than 1 house property then he has to file ITR-2. So in your case that individual can claim loss under the head house property by entering the loss amount prefixed with negative sign.
Regards,
CA. Ruben Balooni
Neha Shenoy
(Student CA Final )
(65 Points)
Replied 17 July 2013
But when I enter a negative sign for House Property, it shows that u need to use ITR 2 to claim the benefit of set off/ carry fwd.
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 18 July 2013
| Originally posted by : Neha Shenoy | ||
 |
But when I enter a negative sign for House Property, it shows that u need to use ITR 2 to claim the benefit of set off/ carry fwd. |
 |
You need to file ITR-2 in order to claim carry forward and set-off of loss under the head house property.
Regards
CA. Ruben Balooni
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