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If I have loss under the head "Income from business and profession" during the year, can I set off such losses against Income under the head Salaries?

Nine O Six

No, you cannot set off Losses from business and profession (freelancing).

As per provisions of Income Tax Act, 1961, it is specifically stated that Loss under the head "Income from Business and Profession" cannot be set off against Income under the heading Salaries.

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