Setoff & carry forward of losses
This query is : Resolved
29 July 2015
Sir,
If there is loss u/h House Property, Is there any order to setoff the loss.
For example:- Loss u/h house property=100000, LTCG(Building)=350000 and Business income=70000 and other income =20000 so what is the order of setoff the loss.
If there is loss u/h House Property, Is there any order to setoff the loss.
For example:- Loss u/h house property=100000, LTCG(Building)=350000 and Business income=70000 and other income =20000 so what is the order of setoff the loss.
29 July 2015
First business income and other income and at last LTCG.
30 July 2015
Thanku sir but under which section of Incometax act this provision has been written...
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