Thanks Sanjeev ............................
CA Sanjay Bag
(CHARTERED ACCOUNTANT)
(3340 Points)
Replied 27 November 2012
Thanks Sanjeev ............................
rohit
(student)
(360 Points)
Replied 27 November 2012
Quite Elementary to understand that the issue of "Set off" arises only in case of loss. And of course The word Income Under a particular head includes Loss too.
Ca Sanjeev aggarwal
(.)
(26 Points)
Replied 27 November 2012
The question is wrongly framed ....this is a fact...
and i m also very much aware that income includes loss..... i am just saying tht sanjay comment was also not wrong.
Raj Kr
(CA Final student )
(200 Points)
Replied 27 November 2012
CA Sanjeev - nice way to treat person
rohit
(student)
(360 Points)
Replied 27 November 2012
I didnt point out that he was wrong.
Well , anyways i hope the doubt has been clarified.
And i guess it is better to try to understand the issue before backing up someone.
Ca Sanjeev aggarwal
(.)
(26 Points)
Replied 27 November 2012
I am not getting any reward in backing anyone here... i am just puting my point here...and i knew tht my sense of thinking is right that is the reason i was suppoting his comment... no hard feelings
rohit
(student)
(360 Points)
Replied 27 November 2012
Even i was posting my views. No hard feelings either.
NISHA AGARWAL
(Chartered Accountant)
(454 Points)
Replied 28 November 2012
Yes....
Loss of House Property can be set off against Income from Salary.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
