Set off of c/f business loss against income from buyback


(Querist)
11 January 2019
There is one Foreign Entity which bought back its Share held by Indian Entity.
On buyback Indian Entity can be taxed as either Dividend income or Capital Gain.
Indian Entity having its Carry Forward business loss of past years.

Can Indian entity Set off this c/f loss against income from Sale of Share under buyback scheme??



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