Long term capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 November 2012
If a pvt ltd company has sold his entire manufacturing unit situated in industrial area with plant and machinery. having business loss and unabsoarbed depreciation. Can it be set off against long term gain. ? If not then what about loss and depreciation.
28 November 2012
Business loss and unabsorbed depreciation can be set off against LTCG. (Section 71)
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