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In case of an assessee who has income from business/profession if opts for new tax regime

This query is : Resolved 
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(Querist)
01 July 2024 In case of an assessee who has income from business/profession if opts for new tax regime whether he/she will be allowed following deductions:
Whether business losses and Unabsorbed Depreciation can be carried forward?
Whether deductions under 54 etc. will be allowed in case income from capital gains?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 July 2024 1. Only to the extent of allowable part.
2. Yes
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 July 2024 Yes, it can be carried forward.
Deduction allowed under capital gains.
Only section 80 deduction not allowed.
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