Tax planning for non resident

Tax planning 614 views 1 replies

An individual is having professional income in the P/Y 2010-11. Goes out of INDIA for the next year 2011-12. 

he has assets for the said business.& has no bussiness income in INDIA for the F/Y 2011-12.

he sale a house property in india & has STCG. can he claim unabsorbed depreciation for the said assets or can he claim STCL on sale of the said business assets.

Replies (1)
business loss cannot set off against STCG income.


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