Interest on home loan not deducting from income in ITR 2


This query is : Resolved 

Quick Summary
This discussion addresses an issue where home loan interest isn't being deducted from total income in ITR 2, instead appearing in the 'carry forward losses' schedule. A solution involves ensuring the correct schedules like 'CYLA', 'BFLA', and 'CFL' are properly filled out. The user confirmed this advice resolved their problem.

10 July 2023 I filled HP schedule but the interest is not being reduced from the total income. and this interest showing in Schedule carry forward losses.

10 July 2023 Have you confirmed the schedules 'CYLA' 'BFLA' & 'CFL?'

12 July 2023 Thanks a Lot, sir ....really worked that suggested by you...

12 July 2023 Happy to hear that....
Good luck..


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details