agreegation income of two bussines
Ravikiran (PCC Student) (27 Points)
22 June 2008Ravikiran (PCC Student) (27 Points)
22 June 2008
CA. Atindra A. Prabhu Bhatikar
(practising CA)
(68 Points)
Replied 23 June 2008
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.