Set off & carrie forward of business loss

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Querist : Anonymous

Querist : Anonymous (Querist)

03 September 2012 SIR,

Whether legal heir can carried forward business loss after the death of assessee?

srinath (Expert)
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03 September 2012 yes, the elgal heir has the right to set off the losses of the predecessor upon death of the predecessor

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2012 Is it necessary to continue the same business?

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