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Direct Taxation
Solution
Simi Chowdhary
CA Inter
★ 6K+
04-Oct-20 15:39
345
Answers (2)
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
★ 13K+
05-Oct-20 13:44
4+1-2=3lakhs
05-Oct-20 13:45
