set off
This query is : Resolved
SANJAY DATTA
(Querist)
06 May 2009
1.Is House property Loss possible to setoff against any other head Income during the previos year and c/f and setoff against other Income during subsequent previous years ?
2Is Electric contractor under the Busisess head?
2Is Electric contractor under the Busisess head?
CA. Aryendra
(Expert)
06 May 2009
Loss from house property can be set off for the same year under following head:
- Salary
- Business or Profession
- Capital Gain
- Income from other sources except income from winning
and Carry Forward Loss can be set off against the House Property head.
Note: Section 80 is not applicable
- Salary
- Business or Profession
- Capital Gain
- Income from other sources except income from winning
and Carry Forward Loss can be set off against the House Property head.
Note: Section 80 is not applicable
CA. Aryendra
(Expert)
06 May 2009
2 Yed Electric contractor is under business head
taxindiaconnect
(Expert)
07 May 2009
Agreed
07 May 2009
agree with expert
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