I have
1) House property "current year loss" of 1,99,684
2) Long Term Capital Gain of 4,53,039
3) Business income of 2,87,136
4) 80 C deduction of 1,50,000
What will be the "sequence of set off" of house property losses and taxable amount?
Thanks in Advance
can we first set off losses of hp with ltcg
text in sec 71B allows to set off hp loss from any income head up to 2 lakh Rs.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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