Guest
461180 Points
Posted on 15 September 2008
my query is,
Deduction u/s 10A ,
Profit means income from business as per income tax act i.e, adjustment of Depreciation and other disallowed expenses if any,
and secondly whether Brought Forward Business Loss and Unabsorbed Depreciation ( as per Income tax) will be adjusted with this profit or not.
Pl defined clearly what is the meaning of Profit for deuction u/s 10A.
Kindly advice me.