Professional Grade | FY 2024-25 & FY 2025-26 | Sections 70-74, 87A, 234A/B/C
Due date: 31st July of assessment year. Interest @ 1% per month or part thereof on balance tax.
⚠ Interest on Self-Occupied property is NOT allowed in New Regime (Sec 115BAC). HP Loss will be treated as ₹0.
Max deduction for Self-Occupied: ₹2,00,000. Loss set off against other heads allowed.
Normal Business / Profession
Speculative Business (Sec 43(5))
Capital Losses
Set off: Normal STCG → STCG 111A → Normal LTCG → LTCG 112A
Set off: Normal LTCG 112 first, then LTCG 112A
Short Term Capital Gains
Debt funds, unlisted shares, property <2yr
Listed equity / equity MF (<12 months)
Long Term Capital Gains
Unlisted shares, bonds, immovable property
Listed equity / equity MF (>12 months)