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)
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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