Set off and Carry forward

Rs. 60,000/-. As b/f loss from PGBP cannot be adjusted against income from HP.

No. First intra-head sett off, only after that inter-head....

1. No.

There is no concept of intra-head, unless its speculative & non-speculative.

All the non speculative (as in the example) incomes are summed up, be positive or negative, then adjusted inter-head.

Any balance adjusted against b/f. losses under same head..