House property negative income

This query is : Resolved

Masum Sottany (Querist)
Follow

22 July 2013 If a person is having only one house property. It is self occupied. Income from such property is negative. So which ITR must be filed for such situation ? Is there any issues if one files ITR-1 ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

22 July 2013 No in cse if loss is there from house property the u need to file ITR-2 only.

Masum Sottany

Masum Sottany (Querist)
Follow

22 July 2013 But i have filed ITR-1 with using negative sign in income from house property and my refund amount is also zero. Other than that i have just salary income. Should i revise ITR ?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

22 July 2013 refer this link for more details:

https://www.caclubindia.com/forum/details.asp?mod_id=256729

if u want the loss from house property to be set off next year then u should revise return now.

Masum Sottany

Masum Sottany (Querist)
Follow

22 July 2013 thanks a lot for your support.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Venkateshwaran Ekambaram

Krishna Kumar A

v.rama krishna

NICKOONJ VANANI

madhuseshu yathirajam

Subscribe Now

House property negative income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Senior Executive

CA Final

Accountant

Manager- Finance and Compliance

GST CONSULTANT