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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Setting off of indirect income against the operational income / ...


Taxpayers Can Set Off Losses Across Income Heads u/s 71 for Tax Optimization; Claim Deductions via Section 80IB.

May 20, 2017

Case Laws     Income Tax     AT

Setting off of indirect income against the operational income / trading loss - claiming deduction u.s 80IB - section 71 of the Income Tax Act allows set off of loss from one head against income from another head - AT

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