Query regarding Tax

u can set off business loss with income of house property only in the first year.

after that u can set off against only business income.

 Hmm.

Thanks gaurav

Current Year business loss could be setoff with Income from House Property. But carry forward business loss could be set off only against business profit and not fro any other source of income.

that explains it ,

thank you sir

hello sir

in any case you forward your loss of any head 

once you c/f it then in coming years you can only set off from/under the same head

thanks

Yes.........u are correct.

thanks

 Thanks to all of you for responding so quickly...