capital gain - set off
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2010
can we set off long term capital gain by sale of land from the carry forward business loss of a company
CA Sanat Pyne
(Expert)
23 September 2010
NO
23 September 2010
correct...
only current year business loss can be set off against LTCG
brought forward business loss can be set off only against business income
only current year business loss can be set off against LTCG
brought forward business loss can be set off only against business income
CA Navin Jain
(Expert)
23 September 2010
AGREED WITH PUNIT
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