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Set off

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(Querist)
07 January 2013 One property in Parten Ship Firm Name Now we want Sale this property to parner resulting Short Term Profit Gain Of RS 20 Lacs . can STG set off current Year bussines loss.
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CA Manish

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CA Manish (Expert)
07 January 2013 Yes it can be set off:-

For more details of set off please follow the link:-

https://www.caclubindia.com/share_files/set-off-and-carry-forward-of-losses-at-glance-52125.asp#.UOpdk1JK31V

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