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Section 71A: Transitional provisions for set off of loss under the head “Income from house property”

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Transitional provisions for set off of loss under the head "Income from house property".

Where in respect of the assessment year commencing on the 1st day of April, 1993 or the 1st day of April, 1994, the net result of the computation under the head "Income from house property" is a loss, such loss in so far as it relates to interest on borrowed capital referred to in clause (vi) of sub-section (1) of section 24 and to the extent it has not been set off shall be carried forward and set off in the assessment year commencing on the 1st day of April, 1995, and the balance, if any, in the assessment year commencing on the 1st day of April, 1996, against the income under any head.

Where this provision sits

ActThe Income-tax Act, 1961
Section71A
Marginal noteTransitional provisions for set off of loss under the head “Income from house property”
JurisdictionCentral
StatusRepealed
Judgments citing it1

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