Aggregation of income from special sources: current and unabsorbed losses netted to determine taxable special-source income. The current income from the special source is aggregated with any unabsorbed preceding year loss from the special source to produce the gross total income ... Summary
Aggregation of income from special sources: current and unabsorbed losses netted to determine taxable special-source income.
The current income from the special source is aggregated with any unabsorbed preceding year loss from the special source to produce the gross total income from the special source; if negative, that gross total is treated as nil and the absolute shortfall becomes the unabsorbed current loss from the special source. Gross totals from individual special sources are then aggregated to determine the total income from special sources for the financial year.
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