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CS Executive · Tax Laws and Practice · Income under the Head House Property

Rohan has an unabsorbed house property loss first computed for tax year 2026-27. For how many tax years immediately succeeding that year can it be carried forward under the Income-tax Act, 2025?

The loss can be carried forward for a maximum of eight tax years immediately following the tax year in which it was first computed. After that period, any unabsorbed house property loss lapses and cannot be set off.

  1. AFour tax years
  2. BEight tax yearsCorrect
  3. CIndefinitely, with no time limit
  4. DTwo tax years

Explanation

Section 110(2) states that no loss shall be carried forward for more than eight tax years immediately succeeding the tax year in which the loss was first computed. Four years applies to speculation business losses, so that option is wrong.

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