Deductions from Gross Total Income | Lecture 1 | CA Intermediate May 2023 | Fast Track Taxation |

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[@arshadshadab4520]

House property mei 2lac ka loss smjh ni aaya... ioL tha 355000 allowed 2lac to 155000 ka loss honaa chahiye tha ... can any 1 explain .....?

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In case of self occupied, the NET ANNUAL VALUE of a house will be NIL and the maximum deduction will restricted to 200000rs hence there is a loss of 2L(0-200000)

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[@Croxxic]

Sir , in dec '21 question , Principal repayment was made during py 22-23 , also loan was disbursed amounting to 3550,000 in py 22-23 Shouldn't interest for such amount , relevant to principal repayment be reduced to such extent Means:- 3550,000 - 135000 = 3415000 × 10/12 ×12% = 341500 Although answer's going to remain same , coz it's restricted to 200000 but shouldn't this be considered while solving this ?

[@nitubera8514]

No, always considered interest 1st for whole year after that principal should be taken into account(as there is no specific date mentioned).

[@nitubera8514]

No, always considered interest 1st for whole year after that principal should be taken into account(as there is no specific date mentioned).

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33:00