Set off of Business Loss
This query is : Resolved
03 December 2010
Dear Sir
If Business Loss Can be Adjusted against Interest on FD and Land Rent Received From BPCL (Bharath Petrolium Corp Ltd) On Petrol Bunk. Wheather Adjustable or Not Please Clarify Very Urgent
Thanks & regards
Sreenatha Reddy
If Business Loss Can be Adjusted against Interest on FD and Land Rent Received From BPCL (Bharath Petrolium Corp Ltd) On Petrol Bunk. Wheather Adjustable or Not Please Clarify Very Urgent
Thanks & regards
Sreenatha Reddy
03 December 2010
If same year then non specuation business loss can be set off.
03 December 2010
Current year's business loss can be adjusted against any income earned from house property, capital gain or/and any other source (but not against salary recieved).... Mind it, business loss should be non-speculation....
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