Loss from House property income
This query is : Resolved
05 August 2020
Dear All,
I have a own property which is letout and I am in rented property in another location.
I have a loss from house property of Rs.260000 wherein I can only take Rs.200000 as Maximum. To take the carried forward of excess Rs.60000 I have filled my details in ITR2 but IT portal says that Schema is incorrect and asking for ITR1.
But as we know in ITR1 we cant carry forward our losses. What is the solution to carry forward the loss of Rs.60000?
Thanks!
Good day!
I have a own property which is letout and I am in rented property in another location.
I have a loss from house property of Rs.260000 wherein I can only take Rs.200000 as Maximum. To take the carried forward of excess Rs.60000 I have filled my details in ITR2 but IT portal says that Schema is incorrect and asking for ITR1.
But as we know in ITR1 we cant carry forward our losses. What is the solution to carry forward the loss of Rs.60000?
Thanks!
Good day!
05 August 2020
60,000 cannot be carried forward for want of provision in law.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- Filling ITR - U
- DIN reactivation
- FORM 141 SDV query
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
