https://www.taxtmi.com/manuals?id=1184 Intra-head set-off allows loss from one source to be adjusted against income from another source under the same head, subject to special restrictions. Short-term capital loss may be set off against any capital gain, whereas long-term capital loss may be set off only against long-term capital gains. Restrictions apply to speculation-business losses, race-horse activity losses, specified-business losses, exempt-income source losses, and losses from lotteries, card games and similar winnings. Bonus-stripping and dividend-stripping provisions are also identified as applying to securities, units, REITs, InVITs and AIFs. en-us Tue, 15 Sep 2015 15:23:00 +0530 Wed, 15 Jul 2026 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1184 Intra-head set-off allows loss from one source to be adjusted against income from another source under the same head, subject to special restrictions. Short-term capital loss may be set off against any capital gain, whereas long-term capital loss may be set off only against long-term capital gains. Restrictions apply to speculation-business losses, race-horse activity losses, specified-business losses, exempt-income source losses, and losses from lotteries, card games and similar winnings. Bonus-stripping and dividend-stripping provisions are also identified as applying to securities, units, REITs, InVITs and AIFs. Manuals Income Tax Tue, 15 Sep 2015 15:23:00 +0530 https://www.taxtmi.com/manuals?id=1184