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Set off of losses under the same head of income.

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....RD AND SET OFF OF LOSSES Set off of losses under the same head of income. 108. (1) Unless provided otherwise in this Act, for any tax year, if net result of computation from any source under any hea....

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....her capital asset being,-- (a) a long-term capital asset, shall be set off only against gains, if any, from transfer of another long-term capital asset; and (b) a short-term capital asset, shall b....

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Set off of losses under the same head of income.