No loss can be set-off against —

CS Executive · Tax Laws and Practice · PYQS · December 2016
No loss can be set-off against —
(A) Income from salaries
(B) Income from house property
(C) Income from capital gains
(D) Winnings from lotteries, etc.

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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