House property loss carry forward ---------------- years. a) 4 b) 8 c) 3 d) 1
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Answer:
Answer is b) 8 years
Losses from House Property :
•Can be carry forward up to next 8 assessment years from the assessment year in which the loss was incurred
•Can be adjusted only against Income from house property
•Can be carried forward even if the return of income for the loss year is belatedly filed.
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