TMI BlogAs per the section 71(1), from one head can be set off against the income from another head of income. -...As per the section 71(1), from one head can be set off against the income from another head of income. - even if the said income is treated as an income assessed u/s 68, still the assessee is entitled to set off of the said income against the business loss ..... X X X X Extracts X X X X X X X X Extracts X X X X
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