Tag: set off of business loss other than loss
Article Income Tax Latest Tax News & Updates Tax Article

Important F & Q Related to carry forward and set off of house property and speculative business losses ?

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What are the provisions framed under the Income-tax Act in relation to carry forward and set off of house property loss? ​​​​​If loss under the head “Income from house property” cannot be fully adjusted in the year in which such loss is incurred. then unadjusted loss can be carried forward to next year. ​​​The set-off […]
Article F&Q Income Tax ITR Latest Tax News & Updates Tax Article

What are the provisions framed under the Income tax law/Act in relation to carry forward and set off of business loss other than loss from speculative business ?

(Team) LTG Publication Private LimitedComment(0)

What are the provisions framed under the Income tax law/Act in relation to carry forward and set off of business loss other than loss from speculative business? Set off of business loss– The set off of loss from house property against income from any other source is restricted to 2 lakh rupees per annum. [w.e.f. […]