Carry forward & set off
This query is : Resolved
Guest
Guest
(Querist)
30 August 2011
Loss From Normal Business B/f 2,00,000
This year gain from
speculative business 5,00,000
Can a B/f loss from normal business be set off with speculative income in succeeding year.
This year gain from
speculative business 5,00,000
Can a B/f loss from normal business be set off with speculative income in succeeding year.
30 August 2011
NO, speculative loss can be set off only against speculative profit
Guest
Guest
(Querist)
31 August 2011
I was asking about c/f normal business loss against speculative business profit
31 August 2011
normal business loss can be set off against speculative business profit
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