Prior Losses Can't Offset Profits of Eligible Business u/s 80IA Deductions if Already Absorbed Against Other Profits.

Prior Losses Can't Offset Profits of Eligible Business u/s 80IA Deductions if Already Absorbed Against Other Profits. https://www.taxtmi.com/highlights?id=28461 Losses and depreciation of the years earlier to the initial assessment year which have already been absorbed against the profits of other business 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 Tue, 12 Apr 2016 11:19:21 +0530 Tue, 12 Apr 2016 11:19:21 +0530 TaxTMI RSS Generator Prior Losses Can't Offset Profits of Eligible Business u/s 80IA Deductions if Already Absorbed Against Other Profits. https://www.taxtmi.com/highlights?id=28461 Losses and depreciation of the years earlier to the initial assessment year which have already been absorbed against the profits of other business 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 Tue, 12 Apr 2016 11:19:21 +0530 https://www.taxtmi.com/highlights?id=28461