AMIT BHARADWAJ (Audit Assistant) (152 Points)
26 January 2012Profit from business A situated in kerala Rs. 250000
Profit from business B situated in Bombay Rs. 80000
Loss from business C carried in London Rs. 40000
(business controlled from India but profit
not received in India)
RAKESH
(Almost CA)
(2199 Points)
Replied 26 January 2012
AMIT BHARADWAJ
(Audit Assistant)
(152 Points)
Replied 26 January 2012
Whether the Loss shall be dedudcted first or Unabsorbed Lossof Business C while doing the computation?
RAKESH
(Almost CA)
(2199 Points)
Replied 26 January 2012
Devendra
(Chartered Accountant)
(4775 Points)
Replied 26 January 2012
Add all the Profits, then deduc the loss and unabsorbed depreciation loss. Net Result Rs. 255000/- taxable under the head PGBP.
Regards,
Devendra Kulkarni
Aravind..
(CA)
(1262 Points)
Replied 27 January 2012
Current year profits - Current year losses - brought forward losses - Unabsorbed Depreciation....
This is the order...
Ankit
(CA Final)
(75 Points)
Replied 27 January 2012
agreed with all .......................
i.e Current Year Profits - Current Year Loss - Brought Forward Losses - Unabsorbed Depreciation is the correct order
khanna
(CA FINAL ICWAI FINAL)
(283 Points)
Replied 28 January 2012
agreed with ankitji and aravnindji
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 28 January 2012
undoubtedly Rs 255000.
Because ...
you can check more on PGBP from here .....
CAclubindia
