TMI BlogSection 12A Assessee Can Carry Forward Deficit, But Only Religious and Charitable Expenses Are Eligible for Adjustment.Eligibility for claim of carry forward of deficit of an earlier year to assessee registered u/s.12A - The expenditure that can be so adjusted can only be expenditure on religious and charitable purposes and no other. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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