Section-109 : Set off of losses under any other head of income

1. Section-109 as per act

1. Subject to the provisions of this Chapter, for any tax year, if income computed under any head of income (other than "Capital gains") is a loss, such loss shall be set off against income of the assessee under any other head, including "Capital gains", if any, assessable for that tax year, subject to the following conditions:––
   
   
   1. loss under the head "Profits and gains of business or profession" shall not be set off against income chargeable under the head "Salaries"; and
   2. loss under the head "Income from house property" shall be set off to the extent of two lakh rupees against income under any other head;
2. For any tax year, the loss under the head "Capital gains" shall not be set off against income under any other head.

2. Help and useful links for Section-109

1. Income Tax Help Center
2. Income Tax Act 2025 Home
3. How to Carry Forward Capital Losses, Set Off Rules
4. Income Tax Help Center