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Setoff of longterm capital gain against bussiness loss

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(Querist)
30 November 2014 Is it possible to setoff current year income from long term capital gain against bussiness loss of current year ???

Please advise
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
30 November 2014 Yes. It can be set off. See below link for details on Set off and carry forward of losses.

http://incometaxmanagement.com/Pages/Gross-Total-Income/Set-Off-Carry-Forward-Losses/Set-Off-and-Carry-Forward-of-Losses.html
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