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Vikas (Querist)
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29 September 2009 Dear sir,

1. Can we adjust business loss aginst income from House property ?

2.IF yes, can we adjust the brought forward loss also..?

3. IF yes, Can we adjust the brought forward loss of discontinued business income from House property business.

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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29 September 2009 Answer

1) C.Y business loss set off against income from c.y. HP.

2) B/F Business loss can't setoff but b/f house property loss set off against c.y. income from hp

3)NO

Vikas

Vikas (Querist)
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04 October 2009 Dear sir,

First of all thanks for your quick reply.

If business is temproraly discontinued can we adjust the carry forward depriciation loss from "Income from House Property"?

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