professions of law regarding set off and carry forward tosses
Answers
Answered by
11
Answer:
One cannot adjust the losses of speculative business with the income from any other business or profession. ... Losses from a specified business will be set off only against profit of specified businesses. But the losses from any other businesses or profession can be set off against profits from the specified businesses.
Answered by
42
Answer:
One cannot adjust the losses of speculative business with the income from any other business or profession. ... Losses from a specified business will be set off only against profit of specified businesses. But the losses from any other businesses or profession can be set off against profits from the specified businesses.
Similar questions