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Net profit of Cold Storage is Rs 10 lakh nd deduction available is Rs 15 lakh under 35AD
Will d difference be treated as Loss??
Plz Ans.
Replies (2)
yes, it wl be treated as loss and as per 73A the same can be carry forward for any number of years untill it is fully set off against profits of the same or any other specified business.
i agree with the above answer.
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