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Set off & carry forward

Others 437 views 6 replies

how much amt. can be set off against any other head of income in the year of loss from income from house property??

Replies (6)
refer to sec 71(3A) max 200000 loss frm HP can be setoff.....
hii to
Sir , i seek one clarification on IMP POINT on HP Loss

in itr - 2 , iI claimed in AY 19-20 INT Loss on loan from HP Rs 2.01 Lakh & the whole amount of 2.01 lakhs Auto shifted in ITR Automatically to Set off Loss to Next year in Cyla Bala etc. & Other Colmns w/out adjustment of 2 Lakh from _other Head Income in Same Year whereas only Amount of Rs 1000- in Excess of 2 Lakh should have been tfd to Col Set off to next AY. in Auto Calculation in ITR

However when i reduced loss figure to 1.95 Lakh to Counter Check , it showed Adjmnt of Loss 1.95 Lakh against Income under other heads income in same AY 19-20

Can Expert clarify Reason of above pl.
Max 2lac
can any expert clarify as to why Rs 2,01,000- was shown as C/FD to Next AY 20-21

& After ADJUSTING Rs 2,00,000 Loss Against Other Heads of Income in AY 19-20 , Rs 1000- was Reqd to be C/FD to next AY 20-21.

please clarify whether i made mistake some where. Any experience for above to find solution pl
good clarification and information


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