Pgbp

Whether the Loss shall be dedudcted first or Unabsorbed Lossof Business C while doing the computation?

Add all the Profits, then deduc the loss and unabsorbed depreciation loss. Net Result Rs. 255000/- taxable under the head PGBP.

Regards,

Devendra Kulkarni

Current year profits - Current year losses - brought forward losses - Unabsorbed Depreciation....

This is the order...

agreed with all .......................

i.e Current Year Profits - Current Year Loss - Brought Forward Losses - Unabsorbed Depreciation is the correct order

agreed with ankitji  and aravnindji

undoubtedly  Rs 255000.

Because ...

•  Resident and ordinary resident so whatever or wherever  income earned will be counted.
• So london or newyork doesn't matter.
• Unabsorbed depreciation can be carried fwd until it's set off by profits in the business.

you can check more on PGBP from here .....

Pgbp complete...