If you are opting for alternate tax regime and there is brought forward loss of house property so we cannot set off in the current year. But can we carry it forward to the next year (supposing we do not opt it for the next year)?
Harshita AgrawalAdvanced
115BAC
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The section 115BAC, the clause is replaced by “loss under the head “Income from house property” with any other head of income”
Set off house property loss is with income of any other head, As well as the carried forward of such losses is not possible if opting to pay tax under this section.
So, opting to pay tax under this section is beneficial for a person who does not have any loss under the head “ Income from House property” or any other loss under the prescribed sections or No deductions claimable.
So the answer is NO