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Asked by Prashant on :Jun. 15, 2018

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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