https://www.taxtmi.com/highlights?id=31206 Consequent to amended provisions section 10B makes it clear that it is a deduction and not exemption, and the computation of income has to be in accordance with the provisions of the Act, therefore, not only profits but also losses from the business have to be taken into consideration while computing deduction u/s 10B - AT en-us Wed, 14 Sep 2016 13:24:39 +0530 Wed, 14 Sep 2016 13:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31206 Consequent to amended provisions section 10B makes it clear that it is a deduction and not exemption, and the computation of income has to be in accordance with the provisions of the Act, therefore, not only profits but also losses from the business have to be taken into consideration while computing deduction u/s 10B - AT Highlights Income Tax Wed, 14 Sep 2016 13:24:39 +0530 https://www.taxtmi.com/highlights?id=31206