Inter head adjustment
This query is : Resolved
25 May 2018
I had taxable income form house property (50000)and capital gain(500000)I also made a payment toward insurance premium which is eligible for 80C deduction(5100).So my doubt is ,if I have a business loss say 60000 can I set off the entire loss from capital gain first and claim 80C deduction from house property income.
CA Ankit R Momaya
(Expert)
25 May 2018
What is the nature of your capital gain - i.e. Whether is short term on long term ?
CA Ankit R Momaya
(Expert)
25 May 2018
Yes you can set off the same...
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