Income-tax Act, 1961Section 71B
- Unabsorbed house property loss carried forward 8 years
- Set off only against house property income
Applies to FY 2025-26 (AY 2026-27) and earlier years.
IT Act 1961 → 2025 / Section 71B
LossesSection 71B → Section 110
Carry forward of house property loss
Section 71B of the old Income-tax Act, 1961 · new section 110 under the Income-tax Act, 2025
New reference Section 110
Income-tax Act, 2025Section 110
- Same rule, now section 110
- 8 tax years; only against house property income
Applies from tax year 2026-27 (from 1 April 2026).
What changed
Renumbered.
Practice notes
- Return must be filed by the due date to carry forward most losses (section 121, old 80); check the exception for house property.
Frequently asked
How long can house property loss be carried forward under the new Income Tax Act 2025?
8 tax years under section 110, set off only against house property income.
What is section 71B called in the new Income-tax Act, 2025?
Section 71B of the Income-tax Act, 1961 corresponds to Section 110 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
What changed in section 71B under the new Income Tax Act?
Renumbered.
Is section 71B still applicable for FY 2025-26?
Yes. Income of FY 2025-26 (AY 2026-27) and earlier years is governed by section 71B of the 1961 Act. Section 110 of the 2025 Act applies from tax year 2026-27.