Set off and Carry Forward
This query is : Resolved
13 November 2009
sir,
our Company has suffered some business loss during current year.
Can we set off against Rental Income ?
our Company has suffered some business loss during current year.
Can we set off against Rental Income ?
13 November 2009
Yes subject to the provisions of section 71(1) of The Income tax Act,1961.
13 November 2009
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