Capital Gain Taxation

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Islamic Banking 04-04-2015 Islamic Banking 04-04-2015

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Salam
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I m conducting a Workshop of 2 days on the topic Directors' Training Program in Marriott Hotel. Do attend the course and make possible
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Vocational Programs in KASBIT inaugurated by MQM MNA Khushbakht Shujaat http://www.mqm.org http://www.allaboutmqm.org Vocational Programs in KASBIT ( Khadim Ali Shah Bu..

Suppose if a Capital Gain is exempted on XYZ income.

Q...Sharukh earned loss on XYZ income. Will this loss be Set off or carried forward?

Q20. In case where a gain on any capital asset is not chargeable to tax, can the loss be set off under the head of capital asset when incurred?
A) Yes.
B) No.

Q20. In case where a gain on any capital asset is not chargeable to tax, can the loss be set off under the head of capital asset when incurred?
A) Yes.
B) No