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C/f and set off

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(Querist)
11 October 2013 if assessee incurred business loss (normal business loss)in AY 2013-14, will the said loss is set off ONLY AGAINST BUSINESS INCOME of next AY 2014-15. Can it not be set off against house property income of AY 2014-15??
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CA Mohit Bansal

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CA Mohit Bansal (Expert)
11 October 2013 No.It can be set off against business income only and no other income

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