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SET OFF CLARIFICATION
Person has loss from house property for Rs.162000, Salary Taxable Income - Rs.530000 and Loss from long term capital gain -Rs 570000. Can he set off his salary income against loss
Replies (3)
loss on house property can set of with all head but long-term cap loss only to long-term cap gain
Loss from house property can be set off against any other income. He can set off loss from salary. But long term capital loss can only be set off against long term capital gains.
long term capital loss you can carry forward
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