Set OFF Carry Fwd related Question

M .K. Jha (CA Final) (484 Points)

08 November 2010

Please tell me about non Sp. Business loss can be set off against CG head of income.....

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M .K. Jha (CA Final) (484 Points)
Replied 08 November 2010

Originally posted by : Mayank Kumar Jha
	Please tell me about non Sp. Business loss can be set off against CG head of income.....

Tell me also Is it allowed exemption limit in LTCG u/s 112, STCG u/s 111A, or STCG INCOME WITHOUT ALLOWING DEDUCTION UNDER CHAPTER VI A.........

Devendra (Chartered Accountant) (4775 Points)
Replied 08 November 2010

Yes. Non Speculation Business Loss can be set-off against Capital Gain Income.

And Chapter VI A deductions are not allowed to be deducted from Income from Capital Gains.

Regards,

Devendra. K

M .K. Jha (CA Final) (484 Points)
Replied 09 November 2010

Thanks devendra....

Is it allowed EXEMPTION LIMIT in LTCG u/s 112, STCG u/s 111A, or STCG INCOME ....................

and also tell me about Set off BP Loss and unabsorbed dep. against STCG U/s 111A.................

Devendra (Chartered Accountant) (4775 Points)
Replied 09 November 2010

You can thank me using the 'Thank User' icon.

Carried forward Unabsorbed Depreciation Loss can be set-off against all income heads.

Regards,

Devendra. K

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