Adjusting carried forward loss against 80 ia

Others 897 views 2 replies

Dear friends I need an expert opinion.

Consider the scenario:- I'm having an unit for which I can avail 100% tax benefit under Sec 80 IA . I'm availing the benefit from this  year onwards. I'm having carried forward loss and unabsorbed depreciation with regard to this unit.

Can I set off the carried forward losses against the income from the unit and avail the benefit u/s 80 IA for the remaining  income portion?

Replies (2)

Friends kindly give me guidance.
 

Dear Tom S Peter,

Before claiming deduction u/s 80-IA , Brought forward loss & Unabsorbed Depreciation Should be Adjusted. So you can adjust the brought forward loss & unabsorbed depreciation & thereafter claim deduction u/s 80IA


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