08 September 2017
HiI need to confirm some doubts related to 80IA and investment allowance.Lets take an example for better clarity if i am having a profit of Ra100 and investment allowance of Rs 70 and i am eligible for 80ia for Rs 50.So my question is how can i set off these allowance and deductions.should i carry forward any loss or allowance or deduction.??i understand that 80ia is a deduction and available upto the profits available.can i carry forward the allowance? What would be the situation if profit is 100 and only investment allowance is 120.should it be the business loss which should be carry forward or i need to restrict the allowance upto profit.Please clarify.Thanks
CAclubindia
