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RE:INCOME TAX EXCEMPTION
by Amitabh on Apr 21, 2007 12:11 PM

Let us be very clear.No business loss or capital loss can be set off against salary income.Only loss that can be set off against salary is that from house property,which may arise if the house is self occupied/vacant and deduction on account of interest is claimed.

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All these incomes are tax-free