Business loss set off
Querist : Anonymous
Is business loss set off against long term capital gain. What about unabsorbed depreciation loss.
Thanks in advance
Yes you can!
Pl refer for more details:
http://taxpeople.in/Set_Off_And_Carry_Forward_Of_Loss.html
Thanks
Querist : Anonymous
What about carry forward business loss can it be set off against long term capital gain
Un-absorbed depreciation loss should be carried forward for adjustment against any business income upto next 8 years.
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