Loss of income from hp
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2016
a employee have salary income & income from other sources also but at the same time loss from House property. i have adjustment made of loss of house property from salary and income from other sources also now some un-adjusted amount can be carry forward or Not. please reply . if case law please reply.
CA R SEETHARAMAN
(Expert)
21 September 2016
Un adjusted amount can be carried forward.
Amol S Joglekar
(Expert)
21 September 2016
The loss which can not be set off as in your query, can be carried forward for 8 years. Once the loss is carried forward, it can then be set off only against house property income only
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