Dear Friends,
In PCC Nov 10 Qn paper u may find the interest received on enhanced compensation Qn. No. 1 (C). Can we use this income for set off b/fwd business loss (after allowing 50% deduction for that income). Give ur views.
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set off
Replies (6)
YES
| Originally posted by : Manmohan | ||
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YES |
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Agree
yaaa
interest recieved on enhanced compansation is 50 % allowed
yes, 50%
agreed........
yes of course sec 71 allows inter head set off of losses and no restriction imposed for not allowing set off..
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