No, you can not adjust loss from sale of fabric held as stock in trade of a business as it is a business loss and business loss can not be adjusted against capital gain.
myITreturn.com is India's leading Tax and Compliance solutions provider. Our solutions are used by over 3 million users and by ET & Fortune 500 companies.
Learn more about our products and services at the links given below:
For the latest news and insights on taxation, follow us on social media: