Business Loss in adjustable against Salary Income or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 August 2010
Sir Pls guide can we adjust loss in Business (non-speculative) against the Salary Income in case of an individual.
CA. Pradeep Nayak
(Expert)
01 August 2010
Set off of business loss (speculative or non speculative) against salary income is not permitted.
CA Ravi Sisodia
(Expert)
01 August 2010
set off loss in Business against salary income is not allowed/permitted.
CA Ujjaval Desai
(Expert)
01 August 2010
No Business Loss or Speculation Loss is allowed to be set off against Salary Income.
01 August 2010
agreed with the experts
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