House property loss

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Vatsal (Querist)
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09 November 2016 Whether hp loss can be set off against any other income in the 1st year in which the loss is reported?

CA SUNIL K GARG (Expert)
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09 November 2016 Yes, As per section 71 income under head house property can be set off against any other head of income

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Vatsal (Querist)
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09 November 2016 Against salary even?

CA SUNIL K GARG (Expert)
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11 November 2016 Yes from salary even

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