Please tell me about non Sp. Business loss can be set off against CG head of income.....
Please tell me about non Sp. Business loss can be set off against CG head of income.....
| 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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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