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set off of loss

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(Querist)
09 October 2007 can v set off losses under other sources & house property from salary
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S.RAVICHANDRAN

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S.RAVICHANDRAN (Expert)
09 October 2007 Yes. The losses from the heads Income from other sources and House property can be set off against Salary income according to Section 71.
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Ravikumar.G

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Ravikumar.G (Expert)
10 October 2007 During the year only the above said loss can be set off. If any brought forward losses which cannot be set off.
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CMA Gul S

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CMA Gul S (Expert)
10 October 2007 The Brought forward losses are allowed only in Business Incomes
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KAAPIL

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KAAPIL (Expert)
14 November 2007 Thanks.
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CHEZHIYAN

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CHEZHIYAN (Expert)
23 August 2008 During the year only the above said loss can be set off. If any brought forward losses which cannot be set off.
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CHEZHIYAN

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CHEZHIYAN (Expert)
23 August 2008 The Brought forward losses are allowed only in Business Incomes
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CHEZHIYAN

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CHEZHIYAN (Expert)
23 August 2008 Thank you
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