Set off of business loss
This query is : Resolved
20 July 2011
Dear All,
Can we offset business loss against other income (FD and SB Interest)?? There is no other business income.
Can we offset business loss against other income (FD and SB Interest)?? There is no other business income.
20 July 2011
Yes business loss can be adjusted with Income from other sources except following:
1. Lotter Income
2. Income from owning and maintaining horses/races
Further Business loss can not be adjusted with the following as well:
1. Salary Income
2. Capital Gain
1. Lotter Income
2. Income from owning and maintaining horses/races
Further Business loss can not be adjusted with the following as well:
1. Salary Income
2. Capital Gain
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