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Set off and carry forward of losses
Could you please tell me the treatment for
:- dividend from Indian companies carrying on agricultural operations.
in set off and carry forward of losses. Thanks in advance :)
Replies (3)
to the extent i understand from your question
Dividend from an indian company is exempt u/s 10(34) hence no question of set off or carry forward
apart from above carry and set off all the other losses if they are elibile for carry/setoff
AGREED WITH TAX PANDIT
agrreed.....
dividend from domestic country is exept from tax u/s 10(34).... hence the exempt amt. can not be used for set off of any kind of loss....
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