In case of an assessee who has income from business/profession if opts for new tax regime

This query is : Resolved 

01 July 2024 In case of an assessee who has income from business/profession if opts for new tax regime whether he/she will be allowed following deductions:
Whether business losses and Unabsorbed Depreciation can be carried forward?
Whether deductions under 54 etc. will be allowed in case income from capital gains?

02 July 2024 1. Only to the extent of allowable part.
2. Yes

02 July 2024 Yes, it can be carried forward.
Deduction allowed under capital gains.
Only section 80 deduction not allowed.




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