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Business losses
Business losses can be set off against Long Terms capital gains or Short term capital gains or not?
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Business loss cannot be set-off against salary income. It can be set-off against other incomes
So Yes.
Non-speculative business loss can be set off against any income from any source except salary. Reference section - 72
Non-speculative business loss can be set off against any income from any source except salary. Reference section - 72
Current year business loss (non speculative) can be set off with STCG but cannot be set off with LTCG. Brought forward business loss cannot be set off with STCG or LTCG.
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