Can carry forward business depriciation loss be set off against long term Capital Gain on sale of land by Private limited company???
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161303 Points)
Replied 19 August 2016
No, business losses are not allowed to set off against LTCG
CS Zehra
(Company Secretary)
(42 Points)
Replied 20 August 2016
Sir,
Can you please clarify my point i want to know about carry forward business/ depriciation loss
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(161303 Points)
Replied 20 August 2016
Yes, you can carry forward as business losses.
CAclubindia
