Sir, if there is carried forward busines lossess in ay 2010-11 and unabsorbed depreciation in ay 2008-09 then can i set off my house property income from business lossess in ay 2017-18
1 Replies
Poltu Ghosh
(Job)
(1865 Points)
Replied 17 June 2017
brought forward business loss can be set off only against business income. So in your case brought forward business loss cannot be set off with income from house property. Contrary is the reply for unabsorbed depreciation. In in case of bought forward unabsorbed depreciation the same can be set off with income from house property.
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