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setoff
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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