https://www.taxtmi.com/forum/issue?id=2042 Intra-head set-off permits netting of interest receipts and interest payments within Income From Other Sources where expenses are incurred for the purpose of earning that income; characterization of the activity (other sources versus business) and proof that outflows were wholly and exclusively for earning the receipts are decisive for whether a declared loss will be accepted. en-us Wed, 07 Jul 2010 16:56:10 +0530 Thu, 23 Jan 2025 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2042 Intra-head set-off permits netting of interest receipts and interest payments within Income From Other Sources where expenses are incurred for the purpose of earning that income; characterization of the activity (other sources versus business) and proof that outflows were wholly and exclusively for earning the receipts are decisive for whether a declared loss will be accepted. Discussion-Forum Income Tax Wed, 07 Jul 2010 16:56:10 +0530 https://www.taxtmi.com/forum/issue?id=2042