https://www.taxtmi.com/acts?id=49106 Set off of losses under the same head permits an assessee to apply a loss arising from any source within a given head of income (other than Capital gains) against income from any other source under that same head for the relevant tax year. Losses from transfer of capital assets are treated distinctly: long term capital losses may be set off only against long term capital gains, while short term capital losses may be set off against gains from any capital asset. en-us Fri, 14 Feb 2025 16:53:10 +0530 Fri, 14 Feb 2025 16:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49106 Set off of losses under the same head permits an assessee to apply a loss arising from any source within a given head of income (other than Capital gains) against income from any other source under that same head for the relevant tax year. Losses from transfer of capital assets are treated distinctly: long term capital losses may be set off only against long term capital gains, while short term capital losses may be set off against gains from any capital asset. Act-Rules Bills Fri, 14 Feb 2025 16:53:10 +0530 https://www.taxtmi.com/acts?id=49106