Deduction under sec 10A
This query is : Resolved
29 October 2008
Hi,
This is priti , I have a query on deduction u/s 10A
What do you mean by Profit of the undertaking? The profit of the 10A unit or the combined profit of the 10A and non 10A unit?
Suppose if non 10A is a loss then are we required to set off this loss from profit of 10A unit to arrive at the profit for computing deduction
This is priti , I have a query on deduction u/s 10A
What do you mean by Profit of the undertaking? The profit of the 10A unit or the combined profit of the 10A and non 10A unit?
Suppose if non 10A is a loss then are we required to set off this loss from profit of 10A unit to arrive at the profit for computing deduction
30 October 2008
The profit of the 10A unit.
01 November 2008
Set off is not possible since section 10A income is an exempt income. When there is no taxable income, no chance of set-off of losses
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- Is any professional CA is here please reply
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EPF FULL & FINAL RULES IN 2026
- Experts need help
- Putting a heading on received mail
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
