Urgent ..Urgent
This query is : Resolved
29 September 2009
Dear sir,
1. Can we adjust business loss aginst income from House property ?
2.IF yes, can we adjust the brought forward loss also..?
3. IF yes, Can we adjust the brought forward loss of discontinued business income from House property business.
1. Can we adjust business loss aginst income from House property ?
2.IF yes, can we adjust the brought forward loss also..?
3. IF yes, Can we adjust the brought forward loss of discontinued business income from House property business.
29 September 2009
Answer
1) C.Y business loss set off against income from c.y. HP.
2) B/F Business loss can't setoff but b/f house property loss set off against c.y. income from hp
3)NO
1) C.Y business loss set off against income from c.y. HP.
2) B/F Business loss can't setoff but b/f house property loss set off against c.y. income from hp
3)NO
04 October 2009
Dear sir,
First of all thanks for your quick reply.
If business is temproraly discontinued can we adjust the carry forward depriciation loss from "Income from House Property"?
First of all thanks for your quick reply.
If business is temproraly discontinued can we adjust the carry forward depriciation loss from "Income from House Property"?
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