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Business Loss Set-off

This query is : Resolved 
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(Querist)
21 June 2010 Hi Frndz ,

Can Loss from a non-speculative business be set-off against Profit from some other non - speculative business in the next assessment year.?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
21 June 2010 Yes it can be set off till 8 assessment years.
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SAMBASIVARAO

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SAMBASIVARAO (Expert)
21 June 2010 Yes Agree with Aditya......
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CA. Deepak Narula

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CA. Deepak Narula (Expert)
21 June 2010 yes ofcourse
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