https://www.taxtmi.com/forum/issue?id=119301 Sale proceeds attributable to a building forming part of a block of depreciable assets are treated as short-term capital gain; unabsorbed depreciation carried forward may be set off against any head of income, including short-term and long-term capital gains, whereas business loss carried forward cannot be set off against capital gains and remains available only against business income, subject to statutory carry-forward conditions and compliance requirements. en-us Wed, 11 Sep 2024 13:14:12 +0530 Tue, 22 Apr 2025 16:42:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119301 Sale proceeds attributable to a building forming part of a block of depreciable assets are treated as short-term capital gain; unabsorbed depreciation carried forward may be set off against any head of income, including short-term and long-term capital gains, whereas business loss carried forward cannot be set off against capital gains and remains available only against business income, subject to statutory carry-forward conditions and compliance requirements. Discussion-Forum Income Tax Wed, 11 Sep 2024 13:14:12 +0530 https://www.taxtmi.com/forum/issue?id=119301