Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Loss Set-Off Rules in Income Tax Bill 2025 Limit Cross-Category Deductions and Prevent Tax Avoidance Strategies</h1> Legal Analysis Summary:The document examines Clause 109 of the Income Tax Bill, 2025, addressing loss set-off mechanisms across income categories. The provision allows losses from various income heads to be offset against other income streams, with specific restrictions. Key limitations include preventing business losses from reducing salary income and capping property loss set-offs at two lakh rupees. Capital gains losses cannot be set off against other income categories. The clause aims to create a balanced tax framework by preventing undue tax avoidance while providing taxpayers flexibility in managing tax liabilities.
TaxTMI 
TaxTMI 