can income from card game set off loss in betting
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Income from other sources
Replies (5)
Yes u can set off losses.......
No loss can be set off against income from winnings from lotteries, crossword
puzzles, race including horse race, card game, and any other game of any sort or
from gambling or betting of any form or nature.
puzzles, race including horse race, card game, and any other game of any sort or
from gambling or betting of any form or nature.
loss from casual income can't be setoff or carried forward
no, loss from card games can't be set-off against income from betting and vice versa
agree with Mr. Vivek... casual income cannot be set off
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