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Business loss setoff
Business loss arise First time, but Business loss set off from Long term capital Gains
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Quick Summary
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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