Help regarding current year loss

no this is not the case of loss to be set off, above interest is admissible as business expenditure from P & L only

Interest u/s 24 b can be set off since it comes under the House property head

Now u mean, we cant get any deduction regarding this, interest paid? Or he have to write in the head of income from house and property interest paid section?

u can deduct interest from business income but its not the case of sec 24 b

Can we get deduction in ITR -4, if yes than where we ll write in form.

yes in profit & loss account there in ITR 4 there is a column for Interest

The problem is, he have to balance sheets. One of the propritorship firm and second for his personal, in personal he is getting income from other heads too. In P &L account, he is writing interest as paid, but this interest he is paying for borrowed capital in direct to his firm name, and he is paying interest in personal balance sheet because he had taken unsecured loan from other persons, now can he combined both interest paid in P&L's interest said column?

interest on the borrowed capital used in proprietorship business and other sources income only can be shown in P& L