Deduction available is 12lakhs, assumed that 5years had not elapsed since the unit was set up (13 x 120/130) =12lakhs So income from S =13-12=1lakh Income from domestic business +1lakh -brought forward loss =IFPGBP

Satya Shashank

CA Inter

★ 13K+

05-Oct-20 13:44

4+1-2=3lakhs

Satya Shashank

CA Inter

★ 13K+

05-Oct-20 13:45