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Set off of losses


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Querist : Anonymous (Querist)
15 July 2016 Can current year Business loss (not being speculative or specified business) be set off against interest on IT refund received during the year offered under the head Income from Other sources ? If yes, are there any case laws or references ?

15 July 2016 Yes, it can be set-off. No case laws as it is allowed.



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