10 February 2011
During the FY 2009-10, Mr.A has salary income of Rs.1000000, Loss from House property(Self Occupied)- Rs.100000, Loss from Profession- Rs.100000.
kindly let me if I can set off the loss from Houseproperty and Business against salary income.
10 February 2011
LOSS FROM HOUSE PROPERTY CAN BE ST OFF AGAINST SALARY INCOME. BUT BUSINESS/PROFESSIONAL INCOME CAN NOT BE SET OFF AGAINST SALARY INCOME.
CAclubindia
