set off of loss
This query is : Resolved
Mohanish Aggarwal
(Querist)
09 October 2007
can v set off losses under other sources & house property from salary
S.RAVICHANDRAN
(Expert)
09 October 2007
Yes. The losses from the heads Income from other sources and House property can be set off against Salary income according to Section 71.
Ravikumar.G
(Expert)
10 October 2007
During the year only the above said loss can be set off. If any brought forward losses which cannot be set off.
10 October 2007
The Brought forward losses are allowed only in Business Incomes
23 August 2008
During the year only the above said loss can be set off. If any brought forward losses which cannot be set off.
23 August 2008
The Brought forward losses are allowed only in Business Incomes
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