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Direct Taxation
Since house proeprty loss can be adjusted against salary head then why in this question it is carried forward..
Answers (7)
CA Suraj Lakhotia Admin
Upto 2 lacs maximum set off
Ohk ..it is aggregate limit we can set off against all heads
Sec 71(3A) states "(3A) where in respect of any AY, 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."