SEO Sai Gr. Hosp.
211715 Points
Posted on 11 December 2021
Though it is calculated individually, but finally it gets aggregated for set off of loss.
Amendment introduced vide Finance Act 2017: The Loss under head House Property which is allowed to be set-off against Income from other sources is restricted to Rs. 2 Lakhs for each assessment year. The balance unabsorbed loss would be allowed to be carried forward to the next assessment year and set-off accordingly.