Hi Everybody,
Whether losses under head Income from other sources can be setoff under the other heads of income?
2 Replies
CA Nikita
(Chartered Accountant)
(4158 Points)
Replied 16 July 2007
Yes it can be set off against other heads of income...
Arul Prabu
(Chartered Accountant)
(53 Points)
Replied 16 July 2007
yes, Set off against current year other heads of income, cannot be carry forward
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