legal heirs right to setoff of loss
This query is : Resolved
CA Priya Bhaskar
(Querist)
04 July 2008
whether legal heirs of deceased assesse have the right to setoff of carryforward of business loss & unaborsed depreciation.What is the section.pls tell me
SHIVAM GROVER
(Expert)
04 July 2008
actualy i dont know about the section but they can setoff the loss if they continue the bussiness
S.Srinivasaraghavan
(Expert)
04 July 2008
Section 78(2).
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