If a person gets rent from one property 5Lacs and Home loan interest is 15Lacs for ay 2018-19 , there is a loss of 10Lacs, so can he adjust the full loss of 10L agaist other sources say salary or just adjust 2L and carry forward the 8L to next year?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 26 July 2018
Correct Just 2 lakhs can be adjusted, remaining c/f upto 8 years to be set off against IFHP
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