Yes but only to the extent of Rs. 2 lakh, however, losses other than losses under the head ‘Income from house property’ cannot be set-off while determining the TDS from salary.
myITreturn.com is India's leading Tax and Compliance solutions provider. Our solutions are used by over 3 million users and by ET & Fortune 500 companies.
Learn more about our products and services at the links given below:
For the latest news and insights on taxation, follow us on social media: