Set off of losses from other head of income
This query is : Resolved
17 January 2024
MR A a non resident has a loss from house property around Rs 3.2 Lakh and has STCG of Rs. 3.90 Lakh and income from other source of Rs. 1.20 lakh. Can I set off loss from house property of Rs. 2 Lakh from capital gain only has there would be no tax liability for income from other source has it is below Rs. 2.5 lakh.
20 January 2024
https://incometaxindia.gov.in/Tutorials/21-%20MCQ%20set%20off%20and%20carry%20frwrd.pdf
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