15 November 2013
In case, there is a loss from self occupied house property, then is there any sequence of its set off or it can be set off from any other heads in same assessment year????
15 November 2013
THERE IS AN INBUILT SEQUENCE AS PER SECTION 71(4). . FIRST YOU HAVE TO SET OFF U/S 71(1) AGAINST ANY INCOME OTHER THAN CAPITAL GAINS. . STILL THERE REMAINS A LOSS , IT CAN BE SET OFF U/S 71(2) AGAINST CAPITAL GAINS.