Income Tax Act Amendments: Sections 44BB & 44BBB Limit Presumptive Taxation Benefits, Restrict Unabsorbed Depreciation & Loss Set-Off.

Income Tax Act Amendments: Sections 44BB & 44BBB Limit Presumptive Taxation Benefits, Restrict Unabsorbed Depreciation & Loss Set-Off. https://www.taxtmi.com/highlights?id=68057 Section 44BB and 44BBB - Benefit of opt-in or opt-out from presumptive taxation to certain assessee has been now limiting through insertion of proviso for no set off of unabsorbed depreciation and brought forward loss. en-us Fri, 03 Feb 2023 10:52:49 +0530 Fri, 03 Feb 2023 18:17:34 +0530 TaxTMI RSS Generator Income Tax Act Amendments: Sections 44BB & 44BBB Limit Presumptive Taxation Benefits, Restrict Unabsorbed Depreciation & Loss Set-Off. https://www.taxtmi.com/highlights?id=68057 Section 44BB and 44BBB - Benefit of opt-in or opt-out from presumptive taxation to certain assessee has been now limiting through insertion of proviso for no set off of unabsorbed depreciation and brought forward loss. Highlights Income Tax Fri, 03 Feb 2023 10:52:49 +0530 https://www.taxtmi.com/highlights?id=68057