Income from property, section 17 ITO & 155

[ejaz bhutta]

Dear Laptop bhai,sorry as I did not got your point.. jahan tak meri understanding hay, U/s 15 read with section 56, there is no provision which expressly pohibits the adjustment of the property income at which tax was not deducted u/s 155 and loss incurred under any other head except capital loss and speculation loss. Meray khyal main Income u/s 15 is proper head of income u/s 11 and not separate class income as mentioned in u/s 4 about Income u/s 5,6,7 although the nature is same. Aur meri understanding k mutabiq classification of Property income u/s 11 as head of income may be construeded that the same can be used to adjust loss as provided u/s 56.

Thanks And regards