Tuesday, December 4, 2018

It isn't mandatory for assessee to set off business loss against capital gains as per sec. 71

IT : As per provisions of section 71, there is an option to assessee to set off business loss against capital gains, however, it is not mandatory to do so

from www.taxmann.com Latest Case Laws https://ift.tt/2G07zVI
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...