Exemption u/s 10B - setting off of carried forward loss - ...

Amendment to Income Tax Act: Section 10A Clarifies Deductions at Gross Total Income Stage, Affecting Carried Forward Losses.

November 6, 2022

Case Laws Income Tax AT

Exemption u/s 10B - setting off of carried forward loss - Section 10A, as amended, is a provision for deduction, the stage of deduction would be while computing the gross total income of the eligible undertaking under Chapter IV of the Act and not at the stage of computation of the total income under Chapter VI. - AT

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Exemption u/s 10B - setting off of carried forward loss - ...

Amendment to Income Tax Act: Section 10A Clarifies Deductions at Gross Total Income Stage, Affecting Carried Forward Losses.

November 6, 2022

Case Laws Income Tax AT

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