alleryStart learning →A house property loss (an other-head loss) may be set off against capital gains that are:
AShort-term or long-term
BLong-term gains only
CShort-term gains only
DNeither of the two
Answer & Solution
Correct answer: A. Short-term or long-term
Section 71(2) lets such a loss be set off against capital gains, whether short-term or any other capital assets.
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