dear friends
i have a query on 80HHC
For the purpose of computation of benefit under section 80HHC, whether b/f losses should be adjusted against business income for the year? According to me , benefit under section 80HHC should be computed without giving effect of b/f losses.
Effect of b/f should be given after allowing benefits under 80HHC.
Hoping for quicker response with references of judgments in favour and against above.
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section 80HHC
Replies (3)
!!! Well I was under the impression 80 HHC is no longer there...!!! Wat do you need it for??
hi bablu i want this because the case is pending. Further it is still included in income tax act thats why litigations continue
this deduction has been deleted
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