Deduction under sec 10A

This query is : Resolved

priti (Querist)
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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

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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30 October 2008 The profit of the 10A unit.

CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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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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