Set off of brought forward business loss of earlier years - We ...

Business Losses & Income Tax: No Conflict in Categorizing Franchise Fees as Profits and Gains from Business.

December 14, 2022

Case Laws Income Tax AT

Set off of brought forward business loss of earlier years - We also see no conflict in an income being taxable under the head profits and gains from business or profession, and an income being in the nature of a franchise fee earned in the course of business - even if it is taxed at a rate different than the rate at which the normal business income is taxed. All that really matters is the income being in the nature of profits and gains from business or profession being carried on by the assessee, and that aspect is not even in dispute - AT

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Set off of brought forward business loss of earlier years - We ...

Business Losses & Income Tax: No Conflict in Categorizing Franchise Fees as Profits and Gains from Business.

December 14, 2022

Case Laws Income Tax AT

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