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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

The deduction u/s 10A, has to be given effect to at the stage of ...


Section 10A Deduction Applies Before Section 72 Loss Set-off for Business Profit Calculation.

January 29, 2014

Case Laws     Income Tax     HC

The deduction u/s 10A, has to be given effect to at the stage of computing the profits and gains of business - This is anterior to the application of the provisions of section 72 which deals with the carry forward and set off of business losses - HC

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