https://www.taxtmi.com/manuals?id=1185 Inter-head set-off allows losses under one income head to be adjusted against income under another head in the same tax year, subject to restrictions. Non-capital losses may generally be adjusted against other income, but business loss cannot reduce salary income. House-property loss may be adjusted against other heads only up to the prescribed annual limit. Capital loss cannot be set off against income under other heads. Speculative business, specified-business and race-horse losses are confined to their respective income sources, and carried-forward losses cannot receive inter-head adjustment. en-us Tue, 15 Sep 2015 15:26:00 +0530 Wed, 15 Jul 2026 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1185 Inter-head set-off allows losses under one income head to be adjusted against income under another head in the same tax year, subject to restrictions. Non-capital losses may generally be adjusted against other income, but business loss cannot reduce salary income. House-property loss may be adjusted against other heads only up to the prescribed annual limit. Capital loss cannot be set off against income under other heads. Speculative business, specified-business and race-horse losses are confined to their respective income sources, and carried-forward losses cannot receive inter-head adjustment. Manuals Income Tax Tue, 15 Sep 2015 15:26:00 +0530 https://www.taxtmi.com/manuals?id=1185