Set OFF Carry Fwd related Question

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Please tell me about non Sp. Business loss can be set off against CG head of income.....

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Originally posted by : Mayank Kumar Jha

Please tell me about non Sp. Business loss can be set off against CG head of income.....

Tell me also Is it allowed exemption limit in LTCG u/s 112, STCG  u/s 111A, or STCG INCOME WITHOUT ALLOWING DEDUCTION UNDER CHAPTER VI A.........

Yes. Non Speculation Business Loss can be set-off against Capital Gain Income.

And Chapter VI A deductions are not allowed to be deducted from Income from Capital Gains.

 

 

Regards, 

Devendra. K

Thanks devendra....
 

Is it allowed EXEMPTION LIMIT in LTCG u/s 112, STCG  u/s 111A, or STCG INCOME ....................

and also tell me about Set off BP Loss and unabsorbed dep. against STCG U/s 111A.................

 

You can thank me using the 'Thank User' icon.

 

 

Carried forward Unabsorbed Depreciation Loss can be set-off against all income heads. 

 

Regards,

Devendra. K


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