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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?

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Jeeba Lal 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.

Could we set off any losses from exempted income?

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