Set off of losses under any other head of income.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....der any other head of income. 109. (1) Subject to the provisions of this Chapter, for any tax year, if income computed under any head of income (other than "Capital gains") is a loss, such loss sha....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....et off to the extent of two lakh rupees against income under any other head; (2) For any tax year, the loss under the head "Capital gains" shall not be set off against income under any other head. ....