House property loss

As per the provisions of section 71 B of Income Tax Act 1961, carryforwarded HP Loss can be adjusted only against Income From HP.

But Loss under HP can be setoff against any other heads of income during the year in which it is incurred.

No. Unabsorbed carry forward losses u/h. house property can be set off under same head. It can be carried forwarded for 8 years.

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