27 February 2009
Pls tell me if loss from house property can be carried forward to next year & be set off from Income from other heads of income like Salary etc if the income from house property is not enough to set off the carry forward loss in the next year.
03 March 2009
section 71B deals with carry forward and set off of loss from house property :
it can be carried forward for 8 Assessment year and can only be set off against income from house property.its not necesary to submit return of loss in time limit.
CAclubindia
