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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Section 71(2A) bars set off of business loss against salary ...


Income Tax Act Section 71(2A): Business Losses Cannot Offset Salary, But Can Offset House Property Income.

August 19, 2012

Case Laws     Income Tax     AT

Section 71(2A) bars set off of business loss against salary income and does not bar setting off of the business loss against the house property income. - AT

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