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gambling
loss from gambling
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No Setoff & carry forward of loss will be allowed
C/F upto next 4 assessment years with speculative income only
Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable income on your return.
Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable income on your return.
Okay
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