setoff of deficit of educational institution
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 February 2011
can setoff of deficit for educational institution be claimed against rent income?
CA PARAS BAFNA
(Expert)
16 February 2011
Deficit for Educational Institution run by an assessee can be set off against rental income of the said assessee in the same assessement year U/s 71.
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