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.
Menu
Loss adjustment
Replies (1)
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
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
