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S.54EC : Capital gains – Deduction allowable before set-off of brought – forward loss

Money Mantan November 7, 2011

S.54EC : Capital gains – Deduction allowable before set-off of brought – forward loss

Description: Accordingly, S.54EC deduction has to be given before set-off of losses. The Tata Power Co. Ltd. vs. ACIT (Mumbai) (ITAT) Source: 1. www.aiftponline.org 2. AIFTP TIMES Volume.No.2 August, 2011,Page No.8. 3. www.itatonline.org. Our comment: Deduction U/s 54EC has to allowed to set off before Profit forward losses.

Money Mantan October 18, 2011

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S.54EC : Capital gains – Deduction allowable before set-off of brought – forward loss

Description: Accordingly, S.54EC deduction has to be given before set-off of losses. The Tata Power Co. Ltd. vs. ACIT (Mumbai) (ITAT) Source: 1. www.aiftponline.org 2. AIFTP TIMES Volume.No.2 August, 2011, Page No.8. 3. www.itatonline.org. Our Comment: Deduction U/s 54EC has to allowed to set off before profit forward losses

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S.54EC : Capital gains – Deduction allowable before set-off of brought – forward loss

S.54EC : Capital gains – Deduction allowable before set-off of brought – forward loss

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