Amendment of section 71.

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Full Text of the Document

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....n respect of any assessment year, the net result of the computation under the head "Income from house property" is a loss and the assessee has income assessable under any other head of income, the assessee shall not be entitled to set off such loss, to the extent the amount of the loss exceeds two lakh rupees, against income under the other head.'. - Clause 31 of the Bill seeks to amend secti....