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Business loss setoff

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31 Points Posted on 30 November 2020
Business loss arise First time, but Business loss set off from Long term capital Gains
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On 30 November 2020 at 19:08 Report
Replies (3)
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My grammar is 💯 good I
7301 Points Posted on 30 November 2020

Yes!! Setoff from the next years capital gains

15 Reply
On 30 November 2020 at 19:33
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Tax consultant
5895 Points Posted on 30 November 2020
You can setoff next year
it will carry forward to 8 yr after that if it is unutilized then written off
57 Reply
On 30 November 2020 at 19:55
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Student
23688 Points Posted on 30 November 2020
Losses under the head Profits and Gains from Business or Profession ( PGBP ) can be set off from Capital Gains. Also the Non Speculative Business Loss can be carried forward for 8 years provided the return is being filed within the due date...
97 Reply
On 30 November 2020 at 20:10


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