Set-off of Business Loss of SEZ unit
This query is : Resolved
09 March 2011
A company is having one unit in SEZ which is eligible for tax benefits u/s 10AA
Same company is having another business which is normally taxed @ 30%
Now for 2010-11, company made profit under normal business but incurred loss under SEZ unit.
So can that SEZ loss be set off against the profit of another business, as both are incurred in the same financial year.
Same company is having another business which is normally taxed @ 30%
Now for 2010-11, company made profit under normal business but incurred loss under SEZ unit.
So can that SEZ loss be set off against the profit of another business, as both are incurred in the same financial year.
09 March 2011
The SEZ undertaking's profits are calculated
as if it is a separate entity.
*
Against taxable income, losses or expenses incurred for earning the income which is exempt from tax are not deductible.
*
Hence the loss can not be set off.
as if it is a separate entity.
*
Against taxable income, losses or expenses incurred for earning the income which is exempt from tax are not deductible.
*
Hence the loss can not be set off.
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 194-T applicability
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- GST ITC REVERSE
- Regarding Applicability of Tax Audit u/s 44AB
- Need Professional Opinion AY 2012-13 Old Demand
- Withdrawal in cash from partners capital account by partner
- TDS on TRUST
- Renovation exp. in flat by family member
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- New GST registration for new place of business.
- Starting trading business
- Regime change
- 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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
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
Quick Links
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
