Taxpayer Can Offset Long-Term Capital Loss Against Income From Office Sale u/s 74(1)(b) of Income Tax Act.

Taxpayer Can Offset Long-Term Capital Loss Against Income From Office Sale u/s 74(1)(b) of Income Tax Act. https://www.taxtmi.com/highlights?id=2815 Set off of loss from assets on which depreciation was claimed - under section 74(1)(b) the assessee is entitled to the claim of set off of long term capital loss against the income arising from the sale of office premises, the gain of which is short term due to the deeming provision but the asset is long term. - set off allowed..... - AT en-us Tue, 07 Feb 2012 21:01:25 +0530 Tue, 07 Feb 2012 21:01:25 +0530 TaxTMI RSS Generator Taxpayer Can Offset Long-Term Capital Loss Against Income From Office Sale u/s 74(1)(b) of Income Tax Act. https://www.taxtmi.com/highlights?id=2815 Set off of loss from assets on which depreciation was claimed - under section 74(1)(b) the assessee is entitled to the claim of set off of long term capital loss against the income arising from the sale of office premises, the gain of which is short term due to the deeming provision but the asset is long term. - set off allowed..... - AT Highlights Income Tax Tue, 07 Feb 2012 21:01:25 +0530 https://www.taxtmi.com/highlights?id=2815