alleryStart learning →Can a net loss under Capital gains be set off against salary income of the same year?
AYes, in full amount
BYes, up to half of it
CYes, up to Rs 2 lakh
DNo, not against other heads
Answer & Solution
Correct answer: D. No, not against other heads
Section 71(3) bars setting off a capital gains loss against income under any other head.
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