Friends
Can the unabsorbed business loss of AY 12-13 be set off against income from other sources in AY 14-15. My understanding is Yes. Wanted to confirm from you all.
Regards,
Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
08 May 2014Friends
Can the unabsorbed business loss of AY 12-13 be set off against income from other sources in AY 14-15. My understanding is Yes. Wanted to confirm from you all.
Regards,
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 08 May 2014
Manish is right, c/f business loss can be set off only from business income other than speculative business income.
Bhaskar Chandra Sahoo
(AAO (CA))
(24 Points)
Replied 08 May 2014
mubashira ahmed
(student)
(42 Points)
Replied 08 May 2014
sumit jain
(Ca Final Student and Article)
(71 Points)
Replied 10 May 2014
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