Comment posted on Income tax calculator for 2012-13 and Budget 2012 update by Paramesha.
I have two questions on filling e-returns. I am Govt servt with salary, bank interest as only my income.
1) I sold my house in Oct 2011, with loss as per long-term capital gain. I understand losses need not be mentioned in tax-return. while I am using ITR-2, the losses are carried forward to next year? Can I claim this loss in next year return?
2) I am unable to mention exclusively selling of my house. Is ITR-2 the correct form?