Set off of brought forward loss

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student
39 Points Posted on 15 February 2020
Brought forward House property loss can be set off against current year business income?
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On 15 February 2020 at 21:51 Report
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This discussion clarifies that brought forward house property losses can only be set off against income from house property, not against current year business income. While current year losses can be offset against other income, previous years' house property losses are restricted to property income and can be carried forward for up to eight assessment years.

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PRACTICE
673 Points Posted on 15 February 2020
No
Brought forward HP losses can be sett of against HP income only
1 Reply
On 15 February 2020 at 22:31
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151 Points Posted on 17 February 2020
Current Year Loss can be set off against other income...
But Brought forward Loss from Previous Years can be set off only against Income from House Property.. It can be Carry Forwardef upto 8 Assessment Years..
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On 17 February 2020 at 03:30

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