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of <h1>Strategic Tax Relief: House Property Losses Can Now Be Carried Forward for 8 Years Under Clause 110</h1> Clause 110 of the Income Tax Bill, 2025 addresses carry forward and set off of house property losses. The provision allows taxpayers to carry forward unabsorbed losses from house property for up to eight tax years, enabling strategic tax planning. Losses can only be set off against future income from the same property category, providing a structured approach to managing tax liabilities and offering relief during income fluctuations. The clause improves upon previous legislation by introducing more explicit definitions and frameworks for loss management.
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