Depriciation
This query is : Resolved
13 October 2010
Sir
If a person is a proprietor of 2 business and in on business block of FA has become negative while in business 2 he still have same block.
Can he claim Short term capital loss in business 1 and depreciation in business 2
If a person is a proprietor of 2 business and in on business block of FA has become negative while in business 2 he still have same block.
Can he claim Short term capital loss in business 1 and depreciation in business 2
13 October 2010
Not possible as the individual only one taxable entity. It is like a comppany having two more units, where the company can not take two positions.
13 October 2010
not possible
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