Answer-Which of the following statements is correct?

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.

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.

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.

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.

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Solution