No, in India, losses from agricultural income cannot be set off against any taxable income. This is because agricultural income is exempt from tax under Section 10(1) of the Income Tax Act, 1961. As a result, any loss incurred from agricultural activities cannot be adjusted against taxable income from other sources such as salary, business, or capital gains. such agricultural losses can be carried forward for up to 8 assessment years immediately succeeding the year in which the loss was incurred and set-off only against agricultural income in future years.