Business loss can be set off from any other business income but cannot be set off from:
A. Salary income
B. House property income
C. Long term capital gains
D. Income from derivatives specified in section 43(5)
Answer:A
Business loss can be set off from any other business income but cannot be set off from:
A. Salary income B. House property income C. Long term capital gains D. Income from derivatives specified in section 43(5)