in itr2 , for income above 50 lakhs is filling schedule AL mandatory? plus for movable asset e.g house if loan is taken then the cost will be including that loan amount or the amount just paid to seller + tds?
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Schedule AL - movable asset cost query
Replies (3)
Quick Summary
Yes, if total income is above Rs. 50 lakhs
Declare house property under Assets while loan liability under Liabilities.
sir does it have to be the amount in sale deed or the amount after loan interest ?
As per Sale Deed...
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