Tax
This query is : Resolved
18 May 2014
Net profit of Cold Storage is Rs 10 lakh nd deduction available is Rs 15 lakh under 35AD
Will d difference be treated as Loss??
Plz Ans.
Rajagopalakrishnan R
(Expert)
19 May 2014
Yes, 5 lakhs will be treated as business loss and carried forward
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