Deduction under sec 10A
This query is : Resolved
29 October 2008
Hi,
This is priti , I have a query on deduction u/s 10A
What do you mean by Profit of the undertaking? The profit of the 10A unit or the combined profit of the 10A and non 10A unit?
Suppose if non 10A is a loss then are we required to set off this loss from profit of 10A unit to arrive at the profit for computing deduction
This is priti , I have a query on deduction u/s 10A
What do you mean by Profit of the undertaking? The profit of the 10A unit or the combined profit of the 10A and non 10A unit?
Suppose if non 10A is a loss then are we required to set off this loss from profit of 10A unit to arrive at the profit for computing deduction
30 October 2008
The profit of the 10A unit.
01 November 2008
Set off is not possible since section 10A income is an exempt income. When there is no taxable income, no chance of set-off of losses
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