Hello everyone,
If a person want to setup his son new business and invest all the money in his business.
he want to take benefits of loss of his son business . because in the starting year loss incurred.
than what he will does for it.
please reply any possible solution
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Loss of business or profession
Replies (4)
Quick Summary
Set off of loss is not possible as owner are different
Any why which is possible
Benefits of losses of his son's business is not to be taken by his father as son is responsible to carry forward the losses as he is the owner
It is possible to take benefit of carry forward losses.
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