Hello Sir,
Can a brought forward business loss be setoff against current years speculation profit?
Regards
Ronak Agarwal
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brought forward business loss
Replies (2)
Dear Sir,
Brought Forward Business Loss can be set off against the current years Speculation Profit..The otherway or vice a versa is not permissible.
Yes........
Brought Forward Business Loss can be set off against any Business Income..........
but B/F Speculative Business Loss can be only be set off against Speculative Income......
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