No Prior Losses or Depreciation Can Offset Profits for Section 80IA Deductions if Already Used Elsewhere.

No Prior Losses or Depreciation Can Offset Profits for Section 80IA Deductions if Already Used Elsewhere. https://www.taxtmi.com/highlights?id=27516 Losses and depreciation of the years earlier to the initial assessment year which have already been absorbed against profits of other businesses cannot be notionally brought forward and set off against the profits of the eligible business for computing the deduction u/s. 80IA - AT en-us Sat, 27 Feb 2016 16:07:46 +0530 Sat, 27 Feb 2016 16:07:46 +0530 TaxTMI RSS Generator No Prior Losses or Depreciation Can Offset Profits for Section 80IA Deductions if Already Used Elsewhere. https://www.taxtmi.com/highlights?id=27516 Losses and depreciation of the years earlier to the initial assessment year which have already been absorbed against profits of other businesses cannot be notionally brought forward and set off against the profits of the eligible business for computing the deduction u/s. 80IA - AT Highlights Income Tax Sat, 27 Feb 2016 16:07:46 +0530 https://www.taxtmi.com/highlights?id=27516