Set off of losses
This query is : Resolved
21 November 2013
Can a Loss carried forward from AY 2012-13 (Return filed within due date)be setoff against return of income AY 2013-14(return yet to be filed)
AY 2012-13 -- Excess Loss from House property after setoff against salary income carried forward
AY 2013-14 Yet to be filed. I still have Income from Salary & Also income from House property.
Can the setoff be possible ?
AY 2012-13 -- Excess Loss from House property after setoff against salary income carried forward
AY 2013-14 Yet to be filed. I still have Income from Salary & Also income from House property.
Can the setoff be possible ?
22 November 2013
Yes set off against carry forwarded loss from AY 2012-13 shall be available.
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22 November 2013
thank you Sir
22 November 2013
welcome Manoj.
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