If post deductions of the aforesaid expenses from the income you earn from the house, you still incur a loss, you can follow these steps –

- The loss you incur will be set off against any other income you gain from your property.

- The loss can also be set off against other incomes earned in the current year, like - salary, capital gains and business venture.

- If you continue incurring losses on your home, you can carry forward the loss for a period of up to 8 years. Still, the amount that is allowed to be carried forward is set off only against the income earned from the house.