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    <title>Insertion of new section 71B</title>
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    <description>Insertion of Carry forward and set-off of loss from house property provides that when income from house property yields a loss not wholly set off against other heads under section 71, the unabsorbed loss shall be carried forward and set off against income from house property in subsequent assessment years. Any portion remaining after such set-off is to be carried forward to the next assessment year, subject to the temporal limit specified in the section, and applies only where inter-head set-off under section 71 is not possible or is incomplete.</description>
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      <description>Insertion of Carry forward and set-off of loss from house property provides that when income from house property yields a loss not wholly set off against other heads under section 71, the unabsorbed loss shall be carried forward and set off against income from house property in subsequent assessment years. Any portion remaining after such set-off is to be carried forward to the next assessment year, subject to the temporal limit specified in the section, and applies only where inter-head set-off under section 71 is not possible or is incomplete.</description>
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