Please Help: Capital Gain
Posted Date : 20-Sep-2011 , 08:47:28 pm | Posted By darshit shah
I have sold my business in the current year. All fixed assets were sold at loss so can anyone suggest me that in which head the said loss to be claimed??Is it STCL or Business Loss?
Category : Income Tax | Answers : 1 | Comments : 1 | Hits : 315
Answers
Answer By: CA.VIRAL JANI
you can claim the loss only under the STCG and not any other head of Income.
Comments
CA VIPIN GARG
21-Sep-2011 , 08:47:53 amIt definately be your STCL Mr. Darshit Shah Ji, it will not affect your head of income/loss due to different occasions or purposes.......... Hope you got the answer you were looking, please feel free for any further query and have a very nice day.......