Question

    Which of the following statements is

    correct?
    A Loss under the head ‘Income from house property’ can be carried forward and can be set off against income under any head only up to 8 assessment years. Correct Answer Incorrect Answer
    B Loss under the head ‘Income from house property’ can be carried forward and can be set off against income under the same head only up to 8 assessment years. Correct Answer Incorrect Answer
    C Loss under the head ‘Income from house property’ can be carried forward and can be set off against income under the same head only up to 6 assessment years. Correct Answer Incorrect Answer
    D Loss under the head ‘Income from house property’ can be carried forward and can be set off against income under the same head only up to 4 assessment years. Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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