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)

    Income From Other Sources (IOS) →
Practical Income Tax
Important Points of Different Incomes

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 9 years. He also provides Accounts Tax GST Training in Delhi and Pune.