Carry forward & set off of house property loss
Querist : Anonymous
Modification added:
1. House property losses can be carried forward as pr 139(3)..
What you are saying holds good for all the losses except Losses from House Property.
Therefore Loss from House property can be carry forward and setoff even if Return of Income is filed after due date.
Correct me if im wrong.
It does not apply to loss under the head Income from House Property.
So, as Mr. Rahul said, loss under the head house property can be carried forward and set off even if the return is filed after the due date.
Querist : Anonymous
Avinash Sharma
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