Dear Chartered accountants ,
Plse check IAM I correct or not...
1. any loss from house property we can set off against any head of income up to 2 lakhs(remaining amount we can set off against next year)
2. any loss from business except (speculation business and income from salary). we can set off business loss......
3.speculation loss of business only can be set up against speculation only.....
... loss from maintenance and owning resources set off same head only....
4. loss from card games are set off only same head..
5. loss from sale of shares should be set off only same head
please check whether this all are correct of me.. if there is any wrong please clarify and explain me
🌟 Query:
any loss of any Heads does we can carry forward 8 years to adjust???
CAclubindia
