I have a problem in computation of loss on house property, One of my client is having income from profession and no income from house property, but he have housing loan in which he has paid Rs.70080/ as interest in the F.Y. 2010-2011, now i want to file e-return, but when i am entering amount of Rs.70080/- in schedule income from house property, in interest on borrowed capital coloumn, it is not refelecting in the final total of 4C, similarly, it is also not refelecting in the CYLA schedule, and i am not able to change the cell bcoz it is password protected. bcoz of this he is not able to get setoff against current year loss and his income is going taxable. So, can anyone tell me what i am doing wrong or how should i take setoff from loss on house property and file e-return. Please this is very urgent.
02 August 2011
Yes Sir, I selected the coloumn stating that, is property let out to NO, but still there is no change in the situation, I hope this is the problem of the utility provided by Income tax department, you can also check this by downloading any ITR 4 return preperation utility for A.Y. 2011-2012 from any site
CAclubindia
