Set off of Carry forward Non Speculation loss
Pandu is Pandu (1 Points)
08 April 2024Non speculation loss
Be set off against
Speculation profit?
Pandu is Pandu (1 Points)
08 April 2024
Nikhil Kaushik
(Fellow CA)
(85758 Points)
Replied 08 April 2024
no. carried forward loss can only be adjusted against the income under the same head. So non-speculative carried forward loss can be adjusted against non-speculative income only.