Set off & Carry Forward of Losses

Ganesh (Final) (87 Points)

08 October 2010  

Pls tell me whether loss of Financial year 2008-09 will allowed as set off in Financial year 2009-10 in following case:

 

BusinessLoss FY 2008-09                    -100

Dissallowed U/s43B                                 200

Taxable income for 08-09                        100

(Loss FY 2008-09 = 25 Depreciation & 75 business loss)