gambling
This query is : Resolved
jasleen kaur
(Querist)
21 September 2017
loss from gambling treatment for carry forward
CA Rashmi Gandhi
(Expert)
22 September 2017
Loss on gambling neither c/f nor set off from other income.
K Srinivas, CMA CS
(Expert)
22 September 2017
Income from gambling is a casual income and therefore , the loss from such activity is not allowed to be set off. SInce it is a loss that cannot be set off, it cannot be carried forward as well
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