TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxpayers Can Carry Forward House Property Losses Due to Interest from Section 71A for Future Offsetting.</h1> Section 71A, introduced by the Finance Act of 1992 and effective from April 1, 1993, allows taxpayers to carry forward losses under the 'Income from house property' category. Specifically, if the net result of this income category is a loss due to interest on borrowed capital, as mentioned in section 24(1)(vi), the taxpayer can carry forward this loss to subsequent assessment years. The carried-forward loss can then be offset against future income from house property.
TaxTMI 
