06 August 2019
Dear Sir, Please explain is there any provision in income tax if we can claim chapter VI deduction Section 80 IA first and then settled brought forward loss from gross total income. it is correct or not
and if brought forward losses still stand and we can't adjust from gross total income reason being because we have claim chapter VI deduction and resulted gross total income is negative (LOSS) then brought forward loss still stand or carry forward for next year claim in computation or not.