Carry forward of house property loss allows set off against future house property income, subject to statutory limits. Where the net result under Income from house property is a loss not wholly set off under inter head set off rules, the unabsorbed loss shall be carried ... Summary
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Carry forward of house property loss allows set off against future house property income, subject to statutory limits.
Where the net result under Income from house property is a loss not wholly set off under inter head set off rules, the unabsorbed loss shall be carried forward and set off against income from house property in subsequent assessment years; any remaining unadjusted loss is carried forward further for a limited statutory period, subject to the other provisions of the chapter.
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