TMI BlogWhat are the restrictions to be kept in mind while making intra-head adjustment of loss?X X X X Extracts X X X X X X X X Extracts X X X X ..... from speculative business. However, non-speculative business loss can be set off against income from speculative business. Long-term capital loss cannot be set off against any income other than income from long-term capital gain. However, short-term capital loss can be set off against long-term or short-term capital gain. No loss can be set off against income from winnings from lotteries, cr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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