SETTING OFF BUSINESS LOSS
This query is : Resolved
ACCOUNTS08
(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.
25 May 2020
I think you need to NET the effect of capital gain with business gain/loss.
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