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Business loss setoff
Business loss arise First time, but Business loss set off from Long term capital Gains
Replies (3)
Yes!! Setoff from the next years capital gains
You can setoff next year
it will carry forward to 8 yr after that if it is unutilized then written off
it will carry forward to 8 yr after that if it is unutilized then written off
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...
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