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deduction
if there is no slabrated income in first year , whether the same deduction not utilised earlier can be utilized next year if the assessee has slab rated income next year?
Replies (2)
simply no because there is no provision regarding c/f of deduction under the income tax law. it is lost.
Yes I agreed to Mr AMIT KAPOOR..,
Deductions will be allowed in Same FY and We can't C/f to next FY...
Deductions will be allowed in Same FY and We can't C/f to next FY...
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