You cannot set off loss from business specified under section 35AD against any other income except for income from specified business. You cannot set off loss from the business of owning and maintaining race horses against any income other than income from the business of owning and maintaining race horses. Further, you cannot set off loss under any other head of income against profit on transfer of cryptocurrency, NFT or VDA. You cannot set off loss from the transfer of cryptocurrency, NFT or VDA against any other income. Loss from trading in Cryptocurrency and other Virtual Digital Assets (VDA). However, you can carry forward unabsorbed loss for set-off in subsequent years as per provisions of Section 71B. From AY 2018-19, you can set off loss under the head ‘house property’ against any other income head to the extent of Rs. There is no restriction to set off house property loss. You can set off loss under the head ‘House Property’ against any income. short-term capital loss against any income other than STCG i.e. long-term capital loss against any income other than LTCG i.e. You cannot set off loss under the head “Capital Gains” against income under other heads of income. However, you cannot set off Speculative Business Loss against any income other than Speculative Business Profit. You can set off Non-Speculative Business Loss against any income except salary income. 
Restrictions for making Adjustment of Loss (Set Off) in Current Financial Year Before making the inter-head set-off, the taxpayer has to first make the intra-head set-off. For example, set off of loss from self-occupied house property against income from salary.
Inter-Head set off is the adjustment of loss under an income head against the profit under another income head. For example, set off of loss from self-occupied property against profit from another rented house property is an intra-head set-off. Intra-Head set off is the adjustment of loss from an income source against the profit from another income source under the same head. Set Off Losses Intra-Head Set Off of Loss Treatment of Loss as per New Tax Regime.
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