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Priority of various Carried Froward Losses, Depreciation, Profit to arrive Net Taxable Income, Income Tax

Issue Id: - 109195
Dated: 21-9-2015
By:- SHOEB VAPIWALA

Priority of various Carried Froward Losses, Depreciation, Profit to arrive Net Taxable Income


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Dear Sir

We request you to explain about set off procedure of 1) Depreciation C/F 2) Business Loss C/F 3) Profit C/F u/s 80JJA 4) Profit U/as 80I under Income tax Act., 1961.

Which C/F items to set off must be priorities on others?

Thanks

VAPIWALA S G

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