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10 February 2012 can an a/. who is declaring income u/s 44AD(presumptive income)for ay 2011-12 be set off bfwd busi loss filed u/s139(1)(declared non presmptive income during the ay 2010-11)???
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Prakash Kochar

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Prakash Kochar (Expert)
11 February 2012 B/F business loss can not be adjusted against income shown under deeming provisions i.e. 44AD.

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