I own few arch of agriculture land and it is in loss for few years, is there any way to add this into my IT? Pls suggest
Ans: Your query is not very clear. If there is a loss arising out of cost of growing the crop (cost being higher than the income), this loss cannot be set off against other heads of income like Salary, business income since any loss arising out of a source which is exempt cannot be set off against income from other heads.
If you bought a property; and its value is now lower than your purchase price, then there is not even an incidence of capital loss. A capital loss only arises when there is a sale of the property. In such case, there is no benefit you can get out of the lower market value of the property.