Set on & carry forward (sec :72)
This query is : Resolved
Guest
Guest
(Querist)
01 September 2009
can carry forward business loss be set off from profit from Sepclative business
seema chouhan
(Expert)
02 September 2009
no speculation profit or loss cannot be adjusted against business profit or loss.
02 September 2009
yes, carried forward business loss can be set of against speculative business income.
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