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Set - off of Business Loss

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(Querist)
06 December 2008 Does the assessee have an option NOT TO set-off the b/f business loss of earlier years, against business profits of the current year?

Thanks & Reagrds,
Niki
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
06 December 2008 No, its not optional because you need adjust your b/f losses before c/f.
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Jitender

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Jitender (Expert)
06 December 2008 i also agree with the above opinion that it needed to be set off.
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