Which of the following statements is true in the context of the Income Tax Act 1961 ........

Finance( Revenue Account ) Alternate sources of finance

Which of the following statements is true in the context of the Income Tax Act, 1961 ?

Loss under house property can be set off against income from a speculative business

Long-term capital loss can be set off against income from house property

Loss from business or profession can set off against salary income

Short-term capital loss can be set off against winnings from lotteries

Loss under house property can be set off against income from a speculative business

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