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agreegation income of two bussines
How will compute income of assesee ?, if in previous year one person doing profession for some months i.e.4months , and leaves the profession & also in that year previous year he does other bussiness (other than profession) for part of the year
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Prepare two separate P & L and add the profit of the two businesses in the computation sheet. If u get loss in one and profit in the other, than set off both and offer for tax net taxable income if any or c/f for next year.
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