I have a query can a company set off carry forwarded losses against long term capital gain...???say company had 3 crore losses in Ay 07-08,now company had a LTCG accrued to it can it set off it against tax losses of current fiscal only & not from carry forwarded losses?
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Urgent query
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no.. and setting off against LTCG would lead to loss as well for the company...
and as for business losses for business other than speculative business, can be set-off against ANY BUSINESS income of the assessee for 8 yrs..
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