What are the provisions framed under the Income-tax Act in relation to carry forward and set off of house property loss? If loss under the head “Income from house property” cannot be fully adjusted in the year in which such loss is incurred. then unadjusted loss can be carried forward to next year. The set-off […]
Tag: loss from house property
Article “INCOME FROM HOUSE PROPERTY” ||Rental income from sub-letting||Composite rent
INCOME FROM HOUSE PROPERTY Income From House Property:– Taxable Income under the head “house property” Rental income from a property being land or building appurtenant there to of which the person (taxpayer) is owner is charged to tax under the head “Income from house property”. Rental income from sub-letting Rental income in the hands of […]