Losses from house property
This query is : Resolved
28 June 2012
can losses from house property set off against business income and can be carried forward if yes for how many years?
28 June 2012
Loss under the head Income from House Property can be set off against income under any other head.
Such loss can be carried forward for 8 assessment years. However, after carry forward it can be set off only against Income from house property.
Such loss can be carried forward for 8 assessment years. However, after carry forward it can be set off only against Income from house property.
28 June 2012
It can be set off against any other head in year which the loss is occured and in carry forward it can only be set off against income from house property.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
