Question
If an assessee incurs any loss under the head "Income from House Property" and such loss is not fully adjusted under other heads of income in the same assessment year, then the balance loss shall be allowed to be carried forward and set off against "Income from House Property" in subsequent years subjects to a limit of :
This question was previously asked in
CUET PG 2026 Agri-Business Management Question Paper (25-Mar-2026) (Shift 2)
The correct answer is
8 assessment years
House Property Loss Carry Forward Limit
As per the Income Tax Act, losses incurred under the head "Income from House Property" can be set off against income from other heads in the same assessment year.
If the loss is not fully adjusted in the same year, the remaining loss can be carried forward to subsequent assessment years.
This carried forward loss can only be set off against "Income from House Property" in future years. The maximum period for which such loss can be carried forward is:
- 8 assessment years immediately succeeding the assessment year in which the loss was first computed.
Therefore, the balance loss shall be allowed to be carried forward and set off against "Income from House Property" in subsequent years subject to a limit of 8 assessment years.
Was this answer helpful?
Similar Questions
- Match List - I with List - II.
List - I List - II A. Yellow Pages I. Promotion of a product/brand in a movie in such a way to enter the subconscious mind of the customer B. Infomercials II. Banners, posters and stickers put inside the retail shop C. Point of purchase advertising III. Television commercial runs as typical as television program D. Product Placement IV. Directory of Local business names and products
Choose the correct answer from the options given below : - The revenue function of a firm is given as
$$R = 300000 + 2250x - 75x^2$$
Where R is the revenue and $x$ is the quantity sold.
The revenue maximizing level of quantity sold is - The effective rate, $r_e$ equivalent to the nominal rate r converted m times a year is given by :
- Which of the following are the methods for finding an Initial feasible solution for a Transportation problem ?
A. Stepping Stone Method
B. Vogel's Approximation Method
C. The North West Corner Rule
D. Lowest Cost Entry Method
E. Modified Distribution (MODI) Method
Choose the correct answer from the options given below : - Match List - I with List - II.
List - I List - II A. Matrix addition is commutative I. If O is the zero matrix of same order as that of the matrix A, then A + 0 = A = 0 + A B. Matrix addition is associative II. If A, B and C be three matrices of the same order, then (A + B) + C = A + (B + C) C. Existence of additive identity III. If A be any matrix, then A + (-A) = O = (-A) + A D. Existence of additive inverse IV. If A and B be two matrices of the same order then A + B = B + A
Choose the correct answer from the options given below : - "A" bought two life insurance policies, one from XYZ company and second from WXY company of a sum of ₹ 20,00,000 and ₹ 30,00,000. He met an accident and admitted to hospital and unfortunately dies. The legal representatives of the insured are entitled to get :
- A fire was set at 'X' house and left a wall of his neighbour 'Y' in a dangerous state. After a few days, a windstorm came and caused the wall to fall and damage Y's property covered under fire insurance. Choose the correct answer :
- A firm of Chartered Accountants which satisfies all conditions of sections 184 and 40(b) for the Assessement year 2025-26, has paid remuneration to partners amounting to ₹ 2,75,000. The book profit of the firm is ₹ 41,050. The firm can claim deduction for remuneration paid to partners of :
- Arrange the following steps of computation of Income from House Property in Correct order :
A. Deductions under section 24 of Income Tax Act
B. Computations of Net Annual Value
C. Deduction of Municipal Taxes paid
D. Computation of Gross Annual Value
E. Computation of Expected Rent
Choose the correct answer from the options given below : - Arrange the following items in ascendig order of the Sections of Income Tax Act related to Deductions from Gross Total Income :
A. Deduction in respect of interest on deposits in savings accounts to the maximum extent of ₹ 10,000
B. Deduction for interest paid on loan taken for pursuing higher education
C. Deduction in respect of royalty income etc; of authors of certain books other than text books
D. Deduction in respect of contribution to Agnipath Scheme
E. Deduction in respect of donations to certain funds, charitable institutions etc.
Choose the correct answer from the options given below :
Important Questions from Miscellaneous
- Which of the following scheduler/schedulers is/are also called CPU scheduler ?
(A). Short Term Scheduler
(B). Long Term Scheduler
(C). Medium Term Scheduler
(D). Asymmetric Scheduler
Choose the correct answer from the options given below: - A situation where two or more processes are blocked, waiting for resources held by each other is called:
- External fragmentation occurs ________.
- Which disk scheduling algorithm looks for the track closest to the current head position?
- Which CPU scheduling algorithm prefers the process with the shortest burst time?
Need Expert Advice?
Upcoming Exams
GATE
February 06, 2027
Test Series
CUET
CUET PG Psychology (HUQP20) 2026 Mock Test Series
10 Tests
753 Attempts
3.7(14)
English
More Questions from CUET PG
