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Could we set off any losses from exempted income?

Could we set off any losses from exempted income?

Could we set off any losses from exempted income?

0
Jeeba Jun. 15, 2018

No,
In case where income from a particular source is exempt from tax, then loss from such source cannot be set off against any other income which is chargeable to tax.

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Hi !

Would you like to call & ask your tax question to an expert for FREE?

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Hi !

Would you like to call & ask your tax question to an expert for FREE?

Yes
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