Itr 2 - home loan & capital gain

ITR 288 views 3 replies

Dear Members

My status is NRI, while filling the ITR - 2 i am encountering error "Total of Quarterly breakup in STCG 15% is more by 62244"

when i am entering 2 lakhs (principal amount on interest) under the head HP.

Effects of above entry

under schedule CYLA

Loss to be set off : 2 Lakhs

STCG Tax (under House property loss for CY) : 62244 (Loss is adjusting against my CY STCG income)

I can rectify the error by inserting 62244 under schd CG (quarterly breakup), But if i don't put 2 Lakh under HP my return is not giving any error.

Please suggest

1) How 62244(STCG (Loss)) is automatically calculated and is it correct.

With Regard

Guddu

 


Attached File : 1663362 20190809120830 error1.jpg downloaded: 52 times
Replies (3)
For short term capital gains, u have to provide break up of gain/loss during the year, which is available at the bottom of cg schedule.

Thanks for reply sir

But my query is when i am adding 2 Lakhs in HP (Interest on borrowed capital) loss is adjusting as STCG of

Rs 62244 under CYLA

IS IT CORRECT

pl. guide ... any member

 

Can any member please help


CCI Pro

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