Set off and carry forward of loss under the head ‘income from ...

Assessee can claim full loan interest for property under 'income from house property'; loss carry forward per Section 71B.

January 7, 2023

Case Laws Income Tax AT

Set off and carry forward of loss under the head ‘income from house property’ - Since the assessee is entitled to claim the entire interest paid during the year on loan for acquiring the above property, therefore, the amount of loss under the head ‘income from house property’, which is not set off against the income under the other head of income be allowed to be carried forward as per provisions of section 71B - AT

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Set off and carry forward of loss under the head ‘income from ...

Assessee can claim full loan interest for property under 'income from house property'; loss carry forward per Section 71B.

January 7, 2023

Case Laws Income Tax AT

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