Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Carry Forward Unabsorbed House Property Losses for Up to 8 Years Against Future Income</h1> The unabsorbed loss from house property for any tax year can be carried forward to the following tax year and set off against income from house property in that year. This carry forward is permissible for up to eight consecutive tax years following the year in which the loss was initially computed. The term 'unabsorbed loss from house property' refers to losses calculated under the 'Income from house property' category that have not been fully set off against other income heads within the same tax year.
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