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Setting of business losses

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25 Points Posted on 28 August 2022
Can business losses be set off against other heads except salaries
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On 28 August 2022 at 19:28 Report
Replies (5)
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SEO Sai Gr. Hosp.
211715 Points Posted on 28 August 2022

Business loss other than speculative business can be set off against any head of income except SALARY..

3 Reply
On 28 August 2022 at 19:35
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754 Points Posted on 28 August 2022
Loss from business and profession cannot be set off against income chargeable to tax under the head “Salaries”
2 Reply
On 28 August 2022 at 19:38
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Profession Business
28207 Points Posted on 29 August 2022
Business loss can be set off against any business gain
2 Reply
On 29 August 2022 at 07:48
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tax consultant
3306 Points Posted on 30 August 2022
Yes it can go to any other head.
but do make sure you are complying with audit requirement
3 Reply
On 30 August 2022 at 10:01
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Chartered Accountant
86505 Points Posted on 03 September 2022
Yes you can set off from any head other than salary ( normal business only )
3 Reply
On 03 September 2022 at 20:53


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