can income from card game set off loss in betting
Menu
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
Recent Topic
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
- WhatsApp document sharing: Client sends Aadhaar, P
- GST Registration Cancelled for Non-Filing Returns
Related Topics
CAclubindia
