Skip to Content

Archived discussions are read-only. Learn more about SAP Q&A

wrong calculation of Income gain or loss on Final lettable value

We gave input values in Final lettable value and Ded. interest u/s 24 under wholly let out property in IT0584 ,system is generating  deduction under any other income, but we are not getting correct amount.

Calculation

                

Final

  lettable value or Net  Annual value 29000

LessStandard

  deduction 30% on NAV 8700

20300

Interest on

  loan 205888

Income -185588

But system in giving income gain or losst Rs. 176888/- .

Difference between amount calculated outside and by the system is Rs.8700/-

Like to know where  we are going wrong or need to change any system configuration.

Tags:
Former Member
Not what you were looking for? View more on this topic or Ask a question