Set off of losses
Jagannath Unwane (Student CA Final ) (41 Points)
01 October 2016Jagannath Unwane (Student CA Final ) (41 Points)
01 October 2016
saurabh kumar
(Tax Consultant)
(348 Points)
Replied 01 October 2016
Loss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 01 October 2016
CA Saba Naaz
(Chartered Accountant)
(8487 Points)
Replied 01 October 2016
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 01 October 2016
Loss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.asp
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 01 October 2016
Loss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.aspLoss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.aspLoss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.aspLoss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.aspLoss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.aspLoss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.asp
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 01 October 2016
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 01 October 2016
Loss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.asp
CA Rahul Mor
(Chartered Accountant)
(173 Points)
Replied 01 October 2016
Loss from current year business can be set off against any income from other Sources (even u/s 56(2)(vii)(b)) but carry forwarded business loss can be set off against business income only up to 8 A.Y.
Read more at: /forum/set-off-of-losses-372997.asp
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