1. Practical Income Tax
  2. Important Points of Different Incomes
  3. Income From House Property (IHP)

Loss Under House Property Setoff of 2 lacs for even Rented Property

Last updated at May 29, 2018 by

Existing (Financial Year 2016 - 2017 or AY 2017-18)

  • In case of Self Occupied Property,Maximum 200000 is allowed as Deduction for Interest on housing loan
  • In case of Rented Property, Deduction for Interest on housing loan is allowed without any limit
  • Loss if any can be setoff with any other Income without any limit
  • Remaining loss can be carry forward for 8 years and adjusted against loss from House Property

New(Financial Year 2017 - 2018 or AY 2018-19)

  • In case of Self Occupied Property,Maximum 200000 is allowed as Deduction for Interest on housing loan
  • In case of Rented Property, Deduction for Interest on housing loan is allowed without any limit
  • Loss if any can be setoff with any other Income without any limit only upto 2 lacs
  • Remaining loss can be carry forward for 8 years and adjusted against loss from House Property
  1. Practical Income Tax
  2. Important Points of Different Incomes
    3. Income From House Property (IHP)
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .