[aaykarbhavan] Losses of eligible business were to be reduced while computing sec. 80-IA relief even if they were already set-off

Losses of eligible business were to be reduced while computing sec. 80-IA relief even if they were already set-off

April 18, 2015[2015] 56 taxmann.com 160 (Karnataka)

IT: While computing profits from eligible business for allowing deduction under section 80-IB, deduction of losses set off against profits from other business has to be taken into consideration

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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