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Business Loss in adjustable against Salary Income or not

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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

CA. Pradeep Nayak (Expert)
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01 August 2010 Set off of business loss (speculative or non speculative) against salary income is not permitted.

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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01 August 2010 set off loss in Business against salary income is not allowed/permitted.

CA Ujjaval Desai

CA Ujjaval Desai (Expert)
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01 August 2010 No Business Loss or Speculation Loss is allowed to be set off against Salary Income.

MK GUPTA (Chartered Accountant

MK GUPTA (Chartered Accountant (Expert)
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01 August 2010 agreed with the experts

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