Deduction
This query is : Resolved
23 November 2013
sir,
In a particular year there is a house property loss which was carried forward from the p.y. and that particular year also hp loss. can we set off this both losses with business income ?
In a particular year there is a house property loss which was carried forward from the p.y. and that particular year also hp loss. can we set off this both losses with business income ?
24 November 2013
the current year loss can be set off against business income. However, previous year loss can be set off only against house property income.
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