Economy, asked by kaju3252, 1 year ago

When is assam agricultural loss required to be carried forward

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Answered by Anonymous
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Where any assessee sustains a loss of profits or gains in any year being a previous year not earlier than the previous year for the assessment for the year ending on the 31st day of March, 1940, the loss shall be carried forward to the following year and set-off against the profits or gains if any of the assesses .

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