Set off of losses under any other head of income.

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..... e. 109. (1) Subject to the provisions of this Chapter, for any tax year, if income computed under any head of income (other than "Capital gains") is a loss, such loss shall be set off against income .....

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..... inst income under any other head; (2) For any tax year, the loss under the head "Capital gains" shall not be set off against income under any other head. - Clause 109 of the Bill provides for set .....

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