If a person has business loss, capital gain and saving bank interest, how business loss should be adjusted? Is it compulsory to adjust business loss first with Savings interest or assesse can choose to set off a particular amount with interest and then remaining with capital gain.
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Loss adjustment
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Section 71(2) - Adjustment of Business Loss - The Section Does Not States that the Business Loss has to be Adjusted First with particular Head of Income - Delhi Tribunal
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