Business Losses Can Offset Long-Term Gains and Interest Income u/s 71, Offering Tax Optimization Flexibility.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Priority of Adjustment of business loss against the Long Term Capital Gains and interest income - Section 71 does not states that the business loss has to be adjusted first with particular head of income. - AT....