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 )
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