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set off loss

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(Querist)
27 January 2010 If a proprietorship firm has suffered loss of Say Rs. 7,50,000in F.Y. 2008-09. And it has filed its return before due date. But could not make payment of Rs.2500 for professional tax. What will be the amount which can be set off in the next F.Y. either Rs 750000 or 747500.
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CA. Pradeep Nayak

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CA. Pradeep Nayak (Expert)
27 January 2010 It will be Rs. 747,500 as Rs. 2,500 will be disallowed under Sec. 43B.
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