Carry forward of house property loss permitted only for set off against future house property income within a limited carry forward period. An unabsorbed loss from house property must be carried forward to subsequent tax years and may be set off only against income from house property in those years; the provision limits carry forward to a defined number of immediately succeeding tax years and defines the unabsorbed loss as one not wholly set off against other heads in the year it was computed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Carry forward of house property loss permitted only for set off against future house property income within a limited carry forward period.
An unabsorbed loss from house property must be carried forward to subsequent tax years and may be set off only against income from house property in those years; the provision limits carry forward to a defined number of immediately succeeding tax years and defines the unabsorbed loss as one not wholly set off against other heads in the year it was computed.
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