Non resident
This query is : Resolved
12 April 2011
under non resident Section 115A exclude deduction of expenses incurred for earning income. can u tel me tht does this section allow deduction of set off of current year losses,brought fwd losses?
12 April 2011
Section 115A is a specific section for the purpose of computation of tax on income of non-residents from dividend, interest, royalty and technical fees which is accruing or arising to them in India. Tax is levied at prescribed rates in respect to the type of income.
general provisions of the Act are thus not applicable as regards set off and carry forward of losses.
general provisions of the Act are thus not applicable as regards set off and carry forward of losses.
13 April 2011
paras sir so can we write off the the current year losses from the current year income?
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