08-08-2003, 03:54 PM
Assalam O Alaikum
Yes Pervez you are right here that the loss of 10,000 and 25000 are apportioned between four accounting periods.I can also understand this, but the main problem is that what are the basis for apporionment of these losses to the two accounting periods.Why 7100 is given to 30.9.00 and 2900 to 31.3.01.
Secondly if you see the answer you will see that there are incomes in respect of 2900 and 5100 which are marked by "*".From where these figures arise.
S393(1) is for the relief of previous losses carried Forward.
S393A is for the current year Losses which arise recently.
Yes Pervez you are right here that the loss of 10,000 and 25000 are apportioned between four accounting periods.I can also understand this, but the main problem is that what are the basis for apporionment of these losses to the two accounting periods.Why 7100 is given to 30.9.00 and 2900 to 31.3.01.
Secondly if you see the answer you will see that there are incomes in respect of 2900 and 5100 which are marked by "*".From where these figures arise.
S393(1) is for the relief of previous losses carried Forward.
S393A is for the current year Losses which arise recently.
