Question ID :
40767
078994
Whether Unabsorbed Depreciation can be set off against Long Term Capital Gain earned from Sale of Residential Property.
Posted by
AJAY JAIN
on
Aug 10, 2020
Filed Under
Capital Gains
Yes, Loss from Unabsorbed Depreciation can be set off against Long Term Capital Gain. Business Loss can be set off with other heads other that salary as per section 71(2A).
Posted by
SHUBHAM SONI on
Aug 11, 2020
Answer ID :
80677
Yes. It can be set off against any head of income other than salary.
Posted by
CA. chunauti dholakia on
Aug 13, 2020