TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Set off of losses allows adjustment of a source loss against income from another source under the same head of income.</h1> Set off of losses permits an assessee to adjust a net loss arising from one source against income from any other source under the same head of income, subject to statutory exclusions. Losses from short-term capital assets may be set off against income computed for other capital assets under comparable computation, and losses from non-short-term capital assets may be set off against income from other non-short-term capital assets.
TaxTMI 
TaxTMI 
