https://www.taxtmi.com/acts?id=47421 Section 71 permits set off of losses arising under heads other than Capital gains against income under any other head for the same assessment year; if non-capital losses arise and the assessee also has Capital gains, those non-capital losses may be set off even against Capital gains (short-term or other). However, a loss under the head Capital gains cannot be set off against income under other heads. en-us Mon, 13 Jan 2025 15:42:47 +0530 Mon, 27 Jan 2025 16:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47421 Section 71 permits set off of losses arising under heads other than Capital gains against income under any other head for the same assessment year; if non-capital losses arise and the assessee also has Capital gains, those non-capital losses may be set off even against Capital gains (short-term or other). However, a loss under the head Capital gains cannot be set off against income under other heads. Act-Rules F. Acts / Amendment Acts Mon, 13 Jan 2025 15:42:47 +0530 https://www.taxtmi.com/acts?id=47421