Carry forward of business loss
This query is : Resolved
28 May 2013
Provided that the business or profession for which the loss was originally computed continued to be carried on by him in the previous year relevant for that assessment year.
What is the legal implication of the above proviso
What is the legal implication of the above proviso
28 May 2013
That proviso has been omitted by the Finance Act,1999 w.e.f 1/4/2000 and hence left unanswered.
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