Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Section 78 - Carry forward and set off of losses in case of change in constitution of firm or on succession

Income Tax - Set off and Carry forward of Losses - 11 - SEC - 78: CARRY FORWARD AND SET OFF OF LOSSES IN CASE OF CHANGE IN CONSTITUTION OF FIRM OR ON SUCCESSION The losses and unabsorbed depreciation can be carried forward by a firm only. Section 78( .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

partner in the brought forward losses of the firm B Less: Share of the retired/ deceased partner in the current year profit (A- B) cannot be carried forward by the firm or its partners Notes: Section 78(1) does not apply if change in constitution tak .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version