12 December 2009
Dear expert plz give detailed clarification about brought forward business losses which is carry forearded above 8 years, that can be sat off from following income in current year:- 1. U /s-41(1)Deemed business income, 2.U/S-41(3)- sale of capital Assets which is used in Scientific Reaserch(100% allowed in that year), 3.u/s-41(4)-Recovery of Bade debts and 4.u/s-41(4A)-- special provision of 36(1)(vii) written back
what are consequences? if such losses are discontiniued business.
CAclubindia
