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TypeBare Act JurisdictionCentral Government

Finance Act, 1992 Section 38

Insertion of New Section 71a

~1 min read
https://sooperkanoon.com/act/440769

Bare act section · Research

About this section

Finance Act, 1992 Section 38 is part of Finance Act, 1992 - Insertion of New Section 71a. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 71 of the Income-tax Act, the following section shall be inserted, with effect from the 1st day of April, 1993, namely :-

'71A. Carry forward of losses under the head "Income from house property". - Where in respect of any assessment year, the net result of the computation under the head "Income from house property" is a loss, the loss in so far as it relates to interest on borrowed capital referred to in clause (vi) of sub-section (1) of section 24 shall be carried forward by the assessee to the following assessment year or years and set off against the income under that head.'.

Frequently asked questions

What does Finance Act, 1992 Section 38 provide?

Section Section 38 of the Finance Act, 1992 (Insertion of New Section 71a) is reproduced on this page as part of the Finance Act, 1992. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 1992 Section 38?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 1992 Section 38. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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