is it house property loss outside india possible to set off with income from any head in India if possible give me explanation to that
Regards,
kishore
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setoff
Replies (17)
Are you 'ROR' for the relevant year?
yes I am resident indian
With effect from the assessment year 2018-19, loss under the head “house property” shall be allowed to be set-off against any other head of income only to the extent of Rs. 2,00,000 for any assessment year.
However, unabsorbed loss shall be allowed to be carried forward for set-off in subsequent years as per the existing provisions of section 71B.
https://www.incometaxindia.gov.in/Tutorials/21-%20MCQ%20set%20off%20and%20carry%20frwrd.pdf
If a Person is having house property income from property located outside India, it is taxable under the head "Income from House Property".
It is pertinent to note that the word " Income" includes loss. And hence,
Loss from HP located outside India is eligible for set off against Income in India in a relevant Financial Year, subject to set-off provisions.
However, u need to go through the DTAA agreement , if it specifies any matter in this behalf.
However, u need to go through the DTAA agreement , if it specifies any matter in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
income from HP located outside India is taxable in hands of a person in India.
It is pertinent to note that the word "income" includes Loss.
and hence, Loss from HP located outside India is eligible for set-off, subject to set-off provisions.
However,
Any DTAA with the Source country has to be taken into account, if it specifies anything in this behalf.
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