HP Loss

FY 2021-22 ( AY 2022-23 ) ka return file kia tha jisme HP Loss around 1.36L hai and CYLA me bhi wo loss aaya tha but after filing of ITR HP Head me Loss 0 ho gaya but CYLA me wo 1.36L show kr rhaa

now notice issue hua hai and as per IT wo loss consider nai kia and demand notice issue kar dia

what to do now ?
Replies (9)
Quick Summary
A user filed their Income Tax Return for FY 2021-22, reporting a House Property (HP) loss of around £1.36 lakh. While this loss was carried forward (CYLA), it was incorrectly shown as zero in the HP head of the return. This has led to a demand notice from the IT department. The user is seeking advice on how to rectify this discrepancy, as the loss appears in the carry forward table but wasn't captured correctly in the HP income calculation.

Check the carry forward table of losses
Carry fwd of losses ke table me dikh raha but due to some issue or mistake IFHP me capture nhi hua h
Might be Income from HP is zero instead of negative
Actually its interest on home loan of current year
Was it adjusted against any other sources of income?
No there are only 2 heads of income one is PGBP and second is HP loss
Loss from house property would have set off against business income and that is why it should have been shown as zero
But in that it should have a negative balance Loss from HP
Contact near by tax consultant and recheck once

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