Amount of loss that can be carried forward

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Ok i understand what you say & i got my answer but pls give answer of this question
1.business incom ( before depreciation ) 2,00,000
depreciation for the current year 2,50,00
income from other sources 70,000
in this question business loss ₹50,00 carried forward & tax to be psid in income from other sources ?

2. business loss 50,000 & income from other sources ₹ 70,000 can income from other sources can be set of against business loss ?
Replies (18)
Ok i understand what you say & i got my answer but pls give answer of this question
1.business incom ( before depreciation ) 2,00,000
depreciation for the current year 2,50,00
income from other sources 70,000
in this question business loss ₹50,00 carried forward & tax to be psid in income from other sources ?

2. business loss 50,000 & income from other sources ₹ 70,000 can income from other sources can be set of against business loss ?

Once again, you have to deduct loss from incomes. Setoff means cancelling against each other. Although the answer is the same, you have to represent it as a-b=c rather than the answer is ‘c’

What is meaning of this : you have to deduct loss from incomes.
& i am CA inter student & i am not knowing any provision regarding inds , in ca inter module it is state that business loss is to be set off against any other head except salary in current year so why we can't set off

Check out my recent posts. I was enquiring about LTCG &STCG taxes and got a reply. A business loss? Is it Profit after loss? Or a trading loss like capital loss on trading instruments? Please post a screenshot of the material. 


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