Set off and carry forward of loss

This query is : Resolved 

20 April 2014 Could you please tell me the treatment for :- dividend from Indian companies carrying on agricultural operations. in set off and carry forward of losses. Thanks in advance :)

21 April 2014 given that the dividend income is exempt in the hands of the recipient, it is not available for set-off of any current or borught forward losses.

21 April 2014 tax on dividend already pay company u/s 115-O and dividend recd by you is tax free in your hand.
then you can not set off loss against exempt income .


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