54. During the A.Y.2020-21, Mr. A has a loss of 8 lakhs under the head Income from house property" which could not be set off against any other head of income as per the provisions of section 71. The due date for filing return of income u/s 139(1) in case of Mr. A has already expired and Mr. A forgot to file his return of income within the said due date. However, Mr. A filed his belated return of income for A.Y.2020-21. Now, while filing return of income for A.Y.2021-22, Mr. A wishes to set off the said loss against income from house property for the P.Y. 2020-21. Determine whether Mr. A can claim the said set off. (a) No, Mr. A cannot claim set off of loss of * 8 lakhs during A.Y. 2021-22 as he failed to file his return of income u/s 139(1) for A.Y. 2020-21. (b) Yes, Mr. A can claim set off of loss of * 2 lakhs, out of * 8 lakhs, from its income from house property during A.Y. 2021- 22, if any, and the balance has to be carried forward to A.Y.2022-23. (c) Yes, Mr. A can claim set off of loss of *2 lakhs, out of 8 lakhs, from its income from any head during A.Y. 2021-22 and the balance, if any, has to be carried forward to A.Y.2022-23. Yes, Mr. A can claim set off of loss of * 8 lakhs during A.Y. 2021-22 from its income from house property, if any, and the balance has to be carried forward to A.Y.2022-23. (d)