Sir/madam
suppose if a credit co operative society incurred a loss from business of Rs. 1 lac & have interest income on deposits of Rs. 2 lacs i.e. 1 lac from investment with credit society & 1 lac from interest on deposits with nationalised bank then 1 lac business loss can be set off against the FD interest earned from deposits with nationalised bank & remaining 1 lac interest can be claimed as deduction us 80P(2)(d) ??
please reply thanks in advance
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Set off of business loss against interest income
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https://docs.google.com/document/d/1Z52Vx30AsYDbnG6wHG5a6SarhBEH39O74OSfMxEqUNI/edit?usp=sharing
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