A person has loss from House Property in the current year. It can be set off against Income from:
CS Executive · Tax Laws · PYQS · December 2023
A person has loss from House Property in the current year. It can be set off against Income from:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A), (B), (C). Official source note: Option A is correct assuming assessee has not opted for section 115BAC. Option B is correct assuming assessee has opted for section 115BAC. Option C may also be considered as correct i.e. (Both Option A and B).
Topics: Income Tax Act, 1961
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