Adjustment of loss under house ptoperty with salary income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2011
We all are aware that any loss cannot be carried forward to next year if the return is not filed within due date,
But my question is if the return is filed late in any year, whether loss under the head house property can be adjusted against income from salary in the same year.
But my question is if the return is filed late in any year, whether loss under the head house property can be adjusted against income from salary in the same year.
CA PARAS BAFNA
(Expert)
21 July 2011
Set off in the current year is not denied, even if you file a belated return.
For c/fd of losses to the next year, it is required to be filed on or before the due date.
For c/fd of losses to the next year, it is required to be filed on or before the due date.
CMA Ramesh Krishnan
(Expert)
21 July 2011
yes. Agree with view of Mr.Paras Bafna. only for c/f losses need to file return before due date
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST on reimbursement of expenses
- Visiting card purchase
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Additional trade name
- Whether output tax is taken credit by purchaser
- Equity Share Sale and Purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
