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.
21 September 2016
Un adjusted amount can be carried forward.
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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