gross loss or net realised loss for taxation?


#1

hi ,

While adjusting fno loss with business income , gross loss is to be considered or net loss(which includes charges) for set off??


#2

Short Answer: Net loss including the charges.

Consult your Accountant for details. Cheers.


#3

I agree with the rest of the forum members, you need to consult your accountant for this. You don’t want to get in trouble for this. You shoud call your accountant as they have the experience and knowledge to back it up. Please, comment what he has had to say.