Setoff of longterm capital gain against bussiness loss
This query is : Resolved
30 November 2014
Is it possible to setoff current year income from long term capital gain against bussiness loss of current year ???
Please advise
Please advise
30 November 2014
Yes. It can be set off. See below link for details on Set off and carry forward of losses.
https://incometaxmanagement.com/Pages/Gross-Total-Income/Set-Off-Carry-Forward-Losses/Set-Off-and-Carry-Forward-of-Losses.html
https://incometaxmanagement.com/Pages/Gross-Total-Income/Set-Off-Carry-Forward-Losses/Set-Off-and-Carry-Forward-of-Losses.html
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