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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Set off of carried forward Business losses against the Short ...


Business Losses Offset Allowed Against Short-Term Capital Gains u/s 72 of Income Tax Act.

May 4, 2017

Case Laws     Income Tax     AT

Set off of carried forward Business losses against the Short Term Capital Gains u/s 72 - the gain on sale of office premises represents profits of business - the brought forward losses are eligible for set-off against short term capital gain on sale of office premises - AT

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