Namaste,
If a person has specified business i.e 35AD but he doesn't use investment linked tax deduction then can the losses from specified business be set off against normal business income .
Thank you.
Menu
35AD Specified business
Replies (1)
If a person incurs a loss in the specified business under Section 35AD and does not claim investment-linked deduction, the loss can be set off against normal business income in the same financial year or carried forward for future set-off.
Recent Topics :
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
Related Topics :
CAclubindia
