inter head setoff

Dear Dibyendu,

As explained by CBDT  - To prevent abuse of the set off provisions.

I think many cases must have came where salaried employee tried to evade tax by showing a bogus business & setting off its Loss from Salary. 

hi

you can't setup against salary Business loss because separate head and Business loss set-up only business income or Income from Other sources and Income from House property and Income from Capital gain, because salary is monthly basis you can't setup against salary mentioned above head you can setup

Originally posted by : Amir
	Dear Dibyendu, As explained by CBDT  - To prevent abuse of the set off provisions. I think many cases must have came where salaried employee tried to evade tax by showing a bogus business & setting off its Loss from Salary.

tatally agree with amir.

this is the only reason why loss of pgbp not allowed to be deducted from salary

agreed with amir

a nice one amir bhai