Profit
Kaushal Suthar (23 Points)
25 August 2018
whether profit includes any loss incurred by the assessee ?
3 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 25 August 2018
Yes, If Loss is set off against Profit then Profit includes that much portion of loss
Kaushal Suthar
(23 Points)
Replied 25 August 2018
is that written in any section or rules of Income Tax ?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 25 August 2018
Check out set off chapter of Act
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