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Asked by Sarthak on :Feb. 07, 2018

Can I set off business loss from salary income ?

Can I set off business loss from salary income ?

Can I set off business loss from salary income ?

0

Chiranjibi May. 29, 2018

No you can not.

The Income tax Act specifically restricts any kinds of business losses to be adjusted from the income from the head 'salaries'.

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