Set off and carry forward of loss
This query is : Resolved
Piyush Shah
(Querist)
20 April 2014
Could you please tell me the treatment for
:- dividend from Indian companies carrying on agricultural operations.
in set off and carry forward of losses. Thanks in advance :)
Nikhil Kaushik
(Expert)
21 April 2014
given that the dividend income is exempt in the hands of the recipient, it is not available for set-off of any current or borught forward losses.
Rupesh Jain
(Expert)
21 April 2014
tax on dividend already pay company u/s 115-O and dividend recd by you is tax free in your hand.
then you can not set off loss against exempt income .
then you can not set off loss against exempt income .
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