What are the different ways in which losses can be set off for the purpose of reducing the tax liability?

What are the different ways in which losses can be set off for the purpose of reducing the tax liability?

There are three ways in which the taxpayer can set-off losses.
  1. Set off loss under the same head of income (intra-head set off), e.g. setting off of loss from business A against profit from business B.
  2. Set off loss from one head against income from another head (inter-head set off).
  3. Carry forward set off of losses.

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