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Mr. X gifted Rs. 1 lakh to his wife, Mrs. X who invested such sum in a business. The business suffered a loss of Rs. 20,000. Such loss ____ (can/cannot) be set off against eligible income of Mr. X

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1. Mr. X gifted Rs. 1 lakh to his wife, Mrs. X who invested such sum in a business. The business suffered a loss of Rs. 20,000. Such loss ____ (can/cannot) be set off against eligible income of Mr. X





 
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