https://www.taxtmi.com/forum/issue?id=1947 Claimants must compute the profit of each eligible undertaking separately and prepare a distinct profit and loss account and balance sheet for each; where specific income or expenses cannot be precisely ascertained, a reasonable apportionment formula may be used to distribute income and expenditure for purposes of claiming the deduction, but allocation must be supportable and auditable. en-us Tue, 25 May 2010 10:51:53 +0530 Thu, 23 Jan 2025 15:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1947 Claimants must compute the profit of each eligible undertaking separately and prepare a distinct profit and loss account and balance sheet for each; where specific income or expenses cannot be precisely ascertained, a reasonable apportionment formula may be used to distribute income and expenditure for purposes of claiming the deduction, but allocation must be supportable and auditable. Discussion-Forum Income Tax Tue, 25 May 2010 10:51:53 +0530 https://www.taxtmi.com/forum/issue?id=1947