Set off of losses from head Capital gains
Shashi bhushan (3 Points)
27 March 2022Shashi bhushan (3 Points)
27 March 2022
Eswar Reddy S
(CFO- at NHTF)
(58207 Points)
Replied 27 March 2022
Indira
(CA )
(1379 Points)
Replied 28 March 2022
Hi
1. If you have capital gains, you can set off against business loss, House property loss.
2. Loss under capital gains cannot be set off against income from other heads.
Thanks
CA Puja Sharma
(Chartered Accountant)
(4874 Points)
Replied 28 March 2022
Yes you can set off the loss form business income or house property with gain from capital gain.
You cannot amke inter head set off of Capital gain loss if any