Tag Archives: section 71 amended by Finance Bill 2017

Set-off of loss from House property restricted w.e.f AY 2018-19

By | February 3, 2017

Restriction on set-off of loss from House property Summary : As per Finance Bill 2017  w.e.f FY 2017-18 (AY 2018-19)  Section 71 of Income tax Act is proposed to be amended to restrict the set-off of loss under the head ‘Income from house property’, in any assessment year against any other income, up to Rs 2,00,000. The… Read More »