INDIVIDUAL Assesee ....
car damaged due TO FLOODS - expenditure incurred for repair is 90,000 apps.
Insurance allowed is Only 40,000.
Can this loss be deducted from the PENSIONERS - PENSION AND OTHER INCOMES
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CAR DAMAGED due to floods - Exp. incurred 90,000 - insurance got 40,000 / to treat
Replies (3)
Quick Summary
No such loss cannot be deducted from such head
No such deduction is allowed.
No car damage repair expenses are deducted from any source of such income
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