banner_ad

house property loss

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 June 2009 if a loss occur under the head house property,and if it could not be set off in the same assessment year,it will allowed to be carried forward to be carried forward to claim it as a set off in the subsequent years under any head of income or only from the same head i.e.,house property?
Profile Image

Vipul J. Bhavsar

Profile Image

Vipul J. Bhavsar (Expert)
04 June 2009 It should be noted that any carry forward of loss can be set off only against the same head of income. This applies to any kind of loss carried forward e.g STCL, LTCL against Capital Gains, business loss against PGBP etc.
So in the above case Loss under the head house property can be set off only against any income from House property in the subsequent year.
Profile Image

CA.Nikhil Gupta

Profile Image

CA.Nikhil Gupta (Expert)
04 June 2009 I agree with Mr Vipul
Profile Image

CA.Tarun Maheshwari

Profile Image

CA.Tarun Maheshwari (Expert)
04 June 2009 Agreed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 27 April 2026
CA Articled Assistant

GM Corporate Solutions

Noida

CA Final

View Details