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cn prior period exp be set off agnst prior period income

This query is : Resolved 
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(Querist)
16 January 2010 for the AY - 2008-09
The prior period expenses - Rs. 70,000/-
and The Prior period income - Rs. 2,00,000/-
can I set off the prior period expenses of Rs.70,000/- aganist prior period income of rs.2,00,000/- while computing total taxable income for the AY - 2008-09.
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CA. Bikash Bogi

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CA. Bikash Bogi (Expert)
16 January 2010 No set off permissible

should be shown separately
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
02 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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