Set Off and Carry Forward of Losses

Amitav , Last updated: 29 December 2017 Share Follow on Google News

If income from any source is exempt, then can loss from such source be adjusted against any other taxable income? If income from a particular source is exempt from tax, then loss from such source cannot be set off against any other income which is chargeable to tax. E.g. Agricultural income is

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Amitav
Chartered Accountant

Set Off and Carry Forward of Losses

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