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deduction under chapter vi-A
if an assessee has an income of rs 100in previous year...he has brought forward loss of rs 75...assessee is eligible for 30% deduction....what is taxable income of assessee.?
Replies (3)
After set off (assuming set off is possible within applicable provisions and heads of income), it would be Rs. 25/-. However, you will have to take care of MAT/AMT as well, if those provisions are hitting the assessee.
okk...it means 30% seduction is applicable on rs 25...can u give me ref. of section or any case law
what for 30% deduction?
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