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SETTING OFF BUSINESS LOSS

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(Querist)
23 March 2020 I AM A PARTNERSHIP FIRM DURING THIS YEAR FY 19-20 I HAVE CAPITAL GAINS WORTH RS 20000 AFTER INDEXATION WHILE MY BUSINESS LOSS IS 27000. IN THIS CASE WHILE COMPUTNG THE TAX PAYABLE HOW WILL THE COMPUTATION BE DONE.
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
25 May 2020 I think you need to NET the effect of capital gain with business gain/loss.

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