Business Loss

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Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2009 Can business losses be set-off against interest income earned from investments made in a pvt ltd company.

Lalit (Expert)
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21 December 2009 It can be set off only in the year in which loss is incurred. B/F business losses can be set up only from business profits.

Heera Nahariya (Expert)
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21 December 2009 agree with mr lalit

Murtaza I Bhagat (Expert)
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21 December 2009 agree to both experts

CA Ravi Sisodia (Expert)
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21 December 2009 agree

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