CAN BUSINESS LOSS BE ADJUSTED TO INCOME FROM HOUSE PROPERTY
This query is : Resolved
subhash sharma
(Querist)
06 July 2009
ONE OF MY CLIENT HAVE PVT LTD CO. HE HAS BUSINESS INCOME AS WELL AS RENTAL INCOME.
IN CASE OF BUSINESS LOSS, CAN INCOME FROM HOUSE PROPERTY BE ADJUSTED WITH BUSINESS LOSS.
IN CASE OF BUSINESS LOSS, CAN INCOME FROM HOUSE PROPERTY BE ADJUSTED WITH BUSINESS LOSS.
06 July 2009
yes it can be sett off in the current yr but not brought forward business loss
Praveen Sharma
(Expert)
06 July 2009
yes u can set off
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