If Income From Any Source Is Exempt, Then Can Loss From Such Source Be Adjusted Against Any Other Taxable Income?
If income from any source is exempt, then can loss from such source be adjusted against any other taxable income?
Free Legal Advice - taxation
Posted by: Deepanshu Sharma
Posted on: 2018-09-04
If 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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