ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

set off

B. Umapathy (student) (405 Points)

29 November 2010  

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.


 6 Replies

Manmohan ACA, CS (Chartered Accountant ) (14243 Points)
Replied 29 November 2010

YES                             

1 Like

Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15587 Points)
Replied 29 November 2010

 

Originally posted by : Manmohan

YES                             

 Agree

1 Like

(Guest)

yaaa

interest recieved on enhanced compansation is   50 % allowed 

1 Like

@*CS Siddharth Bumb. * (B.Com, CA Final, CS ) (5270 Points)
Replied 29 November 2010

yes, 50%

CA Mudit Agarwal PGDFM,MCP,IFR (Dy. Manager (Taxation)) (289 Points)
Replied 30 November 2010

agreed........

prashant goyal (CA-Final) (100 Points)
Replied 30 November 2010

yes of course sec 71 allows inter head set off of losses and no restriction imposed for not allowing set off..


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Subscribe to the latest topics :
Search Forum:

Trending Tags