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Set off of loss

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(Querist)
15 November 2014 assessee- A income from long term capital gain -100000 n previous year business loss - 35000 can loss can be set off from LTCG
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
15 November 2014 Yes , Business Loss can be set off against LTCG. Section 71(2).
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