Please tell me about non Sp. Business loss can be set off against CG head of income.....
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Set OFF Carry Fwd related Question
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| Originally posted by : Mayank Kumar Jha | ||
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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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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.... | ||
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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................. |
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Carried forward Unabsorbed Depreciation Loss can be set-off against all income heads.
Regards,
Devendra. K
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