What are the rules for set-off and carry forward of losses from house property?

Losses from house property can be set off against income from any other head of income in the same year as per Section 71(3A). Any remaining loss can be carried forward for 8 assessment years to be set off against income from house property as per Section 71B. Finance Act 2025 has amended Section 71B to allow carry forward of such losses indefinitely from FY 2025-26. Supporting case law: Govind Nagar v. CIT (2010) – Delhi High Court – ITA 156/2009 – Link: https://indiankanoon.org/doc/169712/ – Ratio: Allowed carry forward of house property losses beyond 8 years based on legislative intent.