it can be adjest STCL on Depreciable assets against STCG on share
plz rply soon
its urgent
Menu
its urgent STCL
Replies (7)
No it can not adjust …. You can book loss on assets under P & L A/c.
dear pankaj i finaly decided to c/f to next year coz u/s 71 does not say anything about STCL on Depreciable assets against STCG on share, means" itcan not adjust " . but i'm still waiting some other openion.
thanks
unabsorbed depreciation only can carry forward.
but it is not depreciation.
No doubt it can be set-off as there is no such restriction
If STCG on shares is of specultive nature then setoff is not allowed. OTHERWISE IT IS ALLOWED.
stcl on depricialble assets is pure business loss, it has to be adjusted with business profit of the year, no need to carry forward, if there is no profit in the year, then only one has to carry forward.
Recent Threads
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
Related Threads
CAclubindia
