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?
neha (Others) (386 Points)
24 July 2023in 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?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 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)
(386 Points)
Replied 24 July 2023
sir does it have to be the amount in sale deed or the amount after loan interest ?
CAclubindia
