Set off
This query is : Resolved
25 December 2012
Sir,
Can we set off business loss against STCG in subsequent year, or to say is it necessary to set off it in the same year in which the loss incurred?
Also case laws for the same?
Can we set off business loss against STCG in subsequent year, or to say is it necessary to set off it in the same year in which the loss incurred?
Also case laws for the same?
26 December 2012
No, business loss is not possible to set off against STCG.
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