https://www.taxtmi.com/manuals?id=4162 Inter-head adjustment allows a taxpayer, after completing intra-head adjustments, to set off a loss under one head of income against income under another head in the same year. Restrictions include prohibition on setting off speculative business losses against other heads (with limited reciprocal treatment), prohibition on setting off capital gains losses and losses against lottery/gambling winnings, exclusion of race horse ownership losses, exclusion of losses from certain specified businesses with special tax treatment, and disallowance of setting business or professional losses against salary income. en-us Mon, 25 Dec 2023 17:14:00 +0530 Thu, 11 Jan 2024 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4162 Inter-head adjustment allows a taxpayer, after completing intra-head adjustments, to set off a loss under one head of income against income under another head in the same year. Restrictions include prohibition on setting off speculative business losses against other heads (with limited reciprocal treatment), prohibition on setting off capital gains losses and losses against lottery/gambling winnings, exclusion of race horse ownership losses, exclusion of losses from certain specified businesses with special tax treatment, and disallowance of setting business or professional losses against salary income. Manuals Income Tax Mon, 25 Dec 2023 17:14:00 +0530 https://www.taxtmi.com/manuals?id=4162