LOSSES FROM HOUSE PROPERTY It can be only adjusted against the income of house property. This can be carry forward even if the return file is filed lately and it can be carry forward up to 8 years. LOSSES FROM NON-SPECULATIVE BUSINESS It can be carry forward up to 8 assessment year, an...
House property losses are limited to Rs. 200,000 for set off against other income. Specific business losses have restrictions on the types of income they can offset If there is any loss under any head of income, the assessee can set off losses against income. There are two ways to set ...
If the losses could not be set off under the same head or under different heads in the ame assessment year, such losses are allowed to be carried forward to be claimed as set off from the income of the subsequent assessment years. # Loss under the head ”income from house property” # ...
Define Setoffs. Setoffs synonyms, Setoffs pronunciation, Setoffs translation, English dictionary definition of Setoffs. n. 1. Something, such as a decoration, that sets off something else by contrast. 2. Something that offsets or compensates for somethin
3. set off 3. If there are no such arrangements in the contract between the creditor and the debtor, after the creditor takes lien of the property, the creditor shall set a deadline of no less than two months for the debtor to pay off the debt and notify the debtor of the deadline...
Hu believes the courses will set off a new wave of enthusiastic learning among young people.【1】Why was Stories of China: Performed in English publishedA.To offer English drama courses on a trial basis.B.To make foreign students enjoy Chinese culture.C.To advertise some of the top ...
of Houseleek. Offset A sum, account, or value set off against another sum or account, as an equivalent; hence, anything which is given in exchange or retaliation; a set-off. Offset A spur from a range of hills or mountains. Offset A horizontal ledge on the face of a wall, formed ...
To leave hastily; run off.Idiom: go light on 1. To use, acquire, or consume in small or moderate amounts: go light on the garlic. 2. To treat leniently. [Middle English, from Old English lēoht, līht; see legwh- in Indo-European roots.] American Heritage® Dictionary of the En...
Susan SchmidtJerry Knight
An example of ___ is a home builder who had a house under contract with one buyer to sell at one price upon completion but then the market took off and then treied to back out of the sale. The court in this case would compel ___ Specific Performance Concerning construction disputes...