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Set off of losses u/s 115BAA


Neethi V. Kannanth (.)     29 January 2021

Neethi V. Kannanth
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I've opted for filing my returns u/s 115BAA. Can I set off my losses if it arises in the future?

Sourav

Sourav (Student)     29 January 2021

Sourav
Student 
 664 likes  11035 points

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No under section 115BAA set off are not allowed
ayusmita

ayusmita (Tax consultant)     29 January 2021

ayusmita
Tax consultant 
 381 likes  5687 points

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No you can't if you opted for u/s 115BAA
Raj Malhotra

Raj Malhotra   30 January 2021

Raj Malhotra

 2 likes  47 points

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In which section can we set off capital gain tax ? if I have loss( WIP basis ) a project in my proprietorships company ?

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