Losses from house property

Are you filing the ITR under New Tax regime?

No I am filling ITR2 under old regi

So the loss of current year will only (70K) get set off with other income, but the bought forward losses will get carried forward, as there is no income from HP to set off the b/f losses.

I also have income of 120k from house as rent received also. Salary is 1200000. While it shows in CFL Aa’s losses from HP as 150K in CYLA it shows losses as 70K only. At least it should show the correct figure. What gets set off is secondary 

As the b/f loss from HP can be set off against income from HP only, while there is no NET income from HP in current year. So, the b/f loss gets carried forward to get adjusted in future year income from HP. While current year loss from HP gets adjusted from other income/s max. upto 2 lakhs, so only current year loss will be be shown in this schedule CYLA.

I think I am not able to explain. I shall try again

My salary. 1200 k

Income from HP. 120 after adjusting 30% maintenance 

Int on home loan 70 k

B/F loss from HP. 80 k

CFL after  computing set off indicates loss from HP as 150 k correct

However CYLA shows loss from HP as 70 k only  it should show 150 k and at least 120 k should be deducted from HP income of 120 K  and balance 30 k May get carried forward  but it is adjusting only 70 k

Could you please expla

How there be loss from HP in that case?

First of all  the interest on home loan should have been in Schedule 'Income from HP' in column 'Interest payable on borrowed capital' 1Ah

So, the net income from HP will be 50K.