Itr 2 - home loan & capital gain

388 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: 66 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

62244

Read more at: https://www.caclubindia.com/forum/itr-2-home-loan-amp-capital-gain-524127.asp

Rs 62244 under CYLA

IS IT CORRECT

pl. guide ... any member

62244

Read more at: https://www.caclubindia.com/forum/itr-2-home-loan-amp-capital-gain-524127.asp

 

Can any member please help

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