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exception

Mitali Jain (127 Points)

25 February 2018

what are the exception of the rule that "loss frm head of income can be set off against the income of another head"

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10 Replies

Balaji Ramalingam (Student - CA Final) (285 Points)
Replied 25 February 2018

Inter head adjustment is not allowed in the case of loss from Speculative business and of casual nature (like lotteries, crossword puzzles , specified business), CG and running and maintaining of race horse. In addition to that loss from PGBP cannot be set off against income from Salary.

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Balaji Ramalingam (Student - CA Final) (285 Points)
Replied 25 February 2018

Inter head adjustment is not allowed in the case of loss from Speculative business and of casual nature (like lotteries, crossword puzzles , specified business), CG and running and maintaining of race horse. In addition to that loss from PGBP cannot be set off against income from Salary.

Balaji Ramalingam (Student - CA Final) (285 Points)
Replied 25 February 2018

Inter head adjustment is not allowed in the case of loss from Speculative business and of casual nature (like lotteries, crossword puzzles , specified business), CG and running and maintaining of race horse. In addition to that loss from PGBP cannot be set off against income from Salary.

Balaji Ramalingam (Student - CA Final) (285 Points)
Replied 25 February 2018

Inter head adjustment is not allowed in the case of loss from Speculative business and of casual nature (like lotteries, crossword puzzles , specified business), CG and running and maintaining of race horse. In addition to that loss from PGBP cannot be set off against income from Salary.

Balaji Ramalingam (Student - CA Final) (285 Points)
Replied 25 February 2018

Inter head adjustment is not allowed in the case of loss from Speculative business and of casual nature (like lotteries, crossword puzzles , specified business), CG and running and maintaining of race horse. In addition to that loss from PGBP cannot be set off against income from Salary.

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Balaji Ramalingam (Student - CA Final) (285 Points)
Replied 25 February 2018

Inter head adjustment is not allowed in the case of loss from Speculative business and of casual nature (like lotteries, crossword puzzles , specified business), CG and running and maintaining of race horse. In addition to that loss from PGBP cannot be set off against income from Salary.

Balaji Ramalingam (Student - CA Final) (285 Points)
Replied 25 February 2018

Inter head adjustment is not allowed in the case of loss from Speculative business and of casual nature (like lotteries, crossword puzzles , specified business), CG and running and maintaining of race horse. In addition to that loss from PGBP cannot be set off against income from Salary.

rashh (student) (229 Points)
Replied 26 February 2018

Long Term Capital Gain
Speculative Income or Loss
Specified Biz loss
Salary Income
Casual Income such as Race horse etc.

rashh (student) (229 Points)
Replied 26 February 2018

Long Term Capital Gain
Speculative Income or Loss
Specified Biz loss
Salary Income
Casual Income such as Race horse etc.

Mitali Jain (127 Points)
Replied 26 February 2018

thank u #rashh

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