Unabsorbed business losses can offset short-term capital gains from business asset sales u/s 50 of the Income Tax Act.

Unabsorbed business losses can offset short-term capital gains from business asset sales u/s 50 of the Income Tax Act. https://www.taxtmi.com/highlights?id=40983 Set off of unabsorbed business loss - set off against Short Term Capital Gain U/s. 50 - income arising out of a sale of business asset though not taxable as profits and gains from business or profession is an income in the nature of business and unabsorbed business losses can be set off against such income. en-us Wed, 22 Aug 2018 11:57:11 +0530 Wed, 22 Aug 2018 11:57:11 +0530 TaxTMI RSS Generator Unabsorbed business losses can offset short-term capital gains from business asset sales u/s 50 of the Income Tax Act. https://www.taxtmi.com/highlights?id=40983 Set off of unabsorbed business loss - set off against Short Term Capital Gain U/s. 50 - income arising out of a sale of business asset though not taxable as profits and gains from business or profession is an income in the nature of business and unabsorbed business losses can be set off against such income. Highlights Income Tax Wed, 22 Aug 2018 11:57:11 +0530 https://www.taxtmi.com/highlights?id=40983