Easy Office

Deduction u/s 80ia of it act in case of overallbusiness loss

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 November 2015 In case where the assessee has loss in some projects and profits in others and there was net loss from business, and there was net short term capital gains which resulted in net taxable income for the assessee, can deduction u/s 80IA of IT Act be claimed from projects which ended in profit ?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
27 November 2015 Yes 80IA deduction can be claimed on projects which ended in profits.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 December 2015 Thank you very much..

Could you please provide any case-law reference for the above



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
10 December 2015 see the link.
www.taxguru.in/income-tax-case-laws/deduction-80ia-allowed-unitwise-deducting-losses-unit.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links