question-1 Can we adjust business loss against long term capital gain ( long term capital gain arised on account of sale of land and building).
Menu
Issue regarding income adjustment
Replies (4)
Yes current year business loss can be set off against income from capital gains u/s 71
Yes you can adjust business losses with Capital Gain,but business loss should not from speculation business.
- Speculative Business loss can be adjusted only against Speculative Business Gain
- Non Speculative Business Loss can be adjusted against,
- Speculative Business Gain
- Captial Gain (Short & Long term)
Loss under the head Profit or Gain on business or profession, cannot be set off against Salaries
Yes, It can be set off
Recent Topics :
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
Related Topics :
CAclubindia
