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Regarding set off of loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 March 2016 Sirs/Madam.
Can we set off of loss on agricultural income form any head of income.

Regards,
Arun T Bhoothe
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Ankur Singhal

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Ankur Singhal (Expert)
07 March 2016 Dear
Agriculture income is non taxable I.e it is exempted income and as per income tax act the losses pertaing to exempted incomes can not be set off.
So the loss can not be set off or carried forward.

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