carry forward and setoff of loss of house property


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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2009 if any person forget to carryforwrd and to take setoff in last ay of house property loss what wiil be the solution? can i carryforward the loss in current ay? can i take a setoff in current ay? plz give suggestion.

26 November 2009 no

26 November 2009 Lossess of house property can be c/f only if it was claimed in return of income & Return was filed before due date

26 November 2009 Agree with Rishabh

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2009 rishab sir bt as per section 80 only losses of these secs. 72,73,74,74A can not be carryforward and setoff if return is not filed as per section 139(3).
where as house property loss u/s 71 can be carryforward and setoff even if return not filed as per sec 139(3). thus it means that we can file the loss return after due date for house property loss.
considering the above situation now my question is if any person has not carryforward house property loss in last ay then he can take the setoff of that loss in current ay or he should have to file the revised return for last ay n then take setoff in current ay?


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