Set - off of Business Loss
This query is : Resolved
06 December 2008
Does the assessee have an option NOT TO set-off the b/f business loss of earlier years, against business profits of the current year?
Thanks & Reagrds,
Niki
Thanks & Reagrds,
Niki
CA Tilak Raj Sharma
(Expert)
06 December 2008
No, its not optional because you need adjust your b/f losses before c/f.
06 December 2008
i also agree with the above opinion that it needed to be set off.
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