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Set off of loss of partnership firm

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(Querist)
13 July 2014 i am a partner in partnership firm and also have one proprietorship firm. can i setoff share of loss from partnership firm with profit from proprietorship firm.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
14 July 2014 loss/profit from partnership firm is exempt from taxation. so there is no set off possible.

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