Set-off of loss against deemed income u/s 115BBE allowed till AY 2016-17
(Date: 20/6/2019)
The Central Board of Direct Taxes (CBDT), vide a circular issued on 19th June 2019, has clarified that since the term ‘or set off any loss’ was inserted by Finance Act, 2016, w.e.f., 01-04-2017, an assessee can claim set-off of loss against income determined under section 115BBE till the Assessment Year 2016-17.