Exception for house property loss: amendment requires separate disclosure and computation of house property loss in income reporting. The amendment narrows the exclusion in rule 26B to except the loss under Income from house property from the general parenthetical phrase, and revises Form 12C item 4 to require separate disclosure of non-salary incomes-specifically listing Income from house property (with computation if a loss), business or profession, capital gains, and other sources-while adjusting item 5 to match the new enumeration.
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Exception for house property loss: amendment requires separate disclosure and computation of house property loss in income reporting.
The amendment narrows the exclusion in rule 26B to except the loss under Income from house property from the general parenthetical phrase, and revises Form 12C item 4 to require separate disclosure of non-salary incomes-specifically listing Income from house property (with computation if a loss), business or profession, capital gains, and other sources-while adjusting item 5 to match the new enumeration.
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