Can Business loss be set off from House Property Income
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Set off and caryy forward of losses
Replies (4)
yes it can be set off
As per Sec 71 of Income Tax Act,1961
Business Loss can be set off against any other head of income
except from the head salaries !!!
Thanks for Oppurtunity ....!!!!
Agree with above
Business loss can be set off against any head except salary head
Agree with Phani..
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