business loss

Direct Taxation

loss from iron ore business in the previious year which is now discontinued.Will this be considered as capital loss from hereon since the business discontinued?

Shankari C

CA Inter

★ 12K+

29-Aug-22 08:56

475

Answers (2)

It is treated as business loss only even if the business was discontinued.

Yoga Vishnu

CA Final

★ 11K+

29-Aug-22 10:51

Yoga Vishnu

It is treated as business loss only even if the business was discontinued.

Ok thanks

Thread Starter

Shankari C

CA Inter

★ 12K+

29-Aug-22 19:21