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Accountancy Forum The Profession Tax v
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Income from property, section 17 ITO & 155

 
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Income from property, section 17 ITO & 155
ejaz bhutta
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#12
03-15-2011, 04:21 PM
I am sorry lagta hay main bat convey neh ker payaa

1)Income from Property is separate head of income u/s 11 , Calculation is discussed u/s 15,16 there is no possibility of loss as it is on deemed income ie gross amount of rent and no deductions allowed
2) Income from Bussiness is a separate head of income u/s 11 and calculation is dicussed u/s 18 to 36. Loss may be there in any year.

3)Setting off of losses under different heads is discussed u/s 56 which does not disallow the set off of losses from business with property income as the same is not under FTR if the deduction u/s 155 s not made
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Messages In This Thread
Income from property, section 17 ITO & 155 - by daneyal13 - 03-08-2011, 04:23 AM
[No subject] - by LapTop - 03-08-2011, 04:43 AM
[No subject] - by daneyal13 - 03-08-2011, 05:18 AM
[No subject] - by LapTop - 03-08-2011, 03:15 PM
[No subject] - by daneyal13 - 03-08-2011, 03:39 PM
[No subject] - by ejaz bhutta - 03-14-2011, 06:50 PM
[No subject] - by LapTop - 03-14-2011, 07:52 PM
[No subject] - by ejaz bhutta - 03-15-2011, 12:57 AM
[No subject] - by LapTop - 03-15-2011, 03:06 PM
[No subject] - by ejaz bhutta - 03-15-2011, 03:45 PM
[No subject] - by LapTop - 03-15-2011, 04:03 PM
[No subject] - by ejaz bhutta - 03-15-2011, 04:21 PM

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