Menu
Setting of business losses
Can business losses be set off against other heads except salaries
Replies (5)
Quick Summary
Business loss other than speculative business can be set off against any head of income except SALARY..
Loss from business and profession cannot be set off against income chargeable to tax under the head “Salaries”
Business loss can be set off against any business gain
Yes it can go to any other head.
but do make sure you are complying with audit requirement
but do make sure you are complying with audit requirement
Yes you can set off from any head other than salary ( normal business only )
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
