Set off and carry forward
This query is : Resolved
19 January 2013
Loss from business that was discontinued can be set off against profit from business that is continue?
19 January 2013
(In the case of Non-Speculative Business)
.
One of the reason for discontinue the business is Losses. Such Losses are allowed to be c/fd ( Max. Up to 8 Years) and can be set off against profits of any other business.
.
(In the case of Non-Speculative Business)
.
One of the reason for discontinue the business is Losses. Such Losses are allowed to be c/fd ( Max. Up to 8 Years) and can be set off against profits of any other business.
.
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