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Under Section 70 of the Income Tax Act, 1961, intra-head set-off is NOT permitted for:
Loss from one house property against another house property income
Speculative business loss against non-speculative business profit
Loss from one source under “Other Sources” against another source
Short-term capital loss against short-term capital gains
Speculative business loss against non-speculative business profit
Practice and solve "Under Section 70 of the Income Tax Act, 1961, intra-head set-off is NOT permitted for:..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option B: Speculative business loss against non-speculative business profit. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Under Section 70 of the Income Tax Act, 1961, intra-head set-off is NOT permitted for:..." for Subject Knowledge - CCIManagement Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option B: Speculative business loss against non-speculative business profit. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.