https://www.taxtmi.com/forum/issue?id=107681 A salaried taxpayer's under-construction flat booking was cancelled, producing a loss equal to several years of EMIs (interest and principal). The taxpayer asks whether tax paid in prior years can be recovered by resubmitting returns or whether the loss can be claimed in the current year, noting difficulty locating where to report this in ITR-1 and that usual house property deduction provisions appear limited to possessed properties. en-us Tue, 09 Dec 2014 20:48:39 +0530 Thu, 23 Jan 2025 15:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107681 A salaried taxpayer's under-construction flat booking was cancelled, producing a loss equal to several years of EMIs (interest and principal). The taxpayer asks whether tax paid in prior years can be recovered by resubmitting returns or whether the loss can be claimed in the current year, noting difficulty locating where to report this in ITR-1 and that usual house property deduction provisions appear limited to possessed properties. Discussion-Forum Income Tax Tue, 09 Dec 2014 20:48:39 +0530 https://www.taxtmi.com/forum/issue?id=107681