offset of blagab losses and 50% rule

Discussion in 'SA2' started by yogesh167, Sep 3, 2019.

  1. yogesh167

    yogesh167 Member

    Hello

    Few cases for tax calc for BLAGAB of proprietory co below:
    Case 1, I-E= negative 30 and MP=50
    Case 2, I-E = 30 and MP=50
    Case 3, I-E= 30 and MP= negative 30

    Please confirm how much and in which case tax is payable. Also, how much can b carry forward (50%/100%) to offset in next yr profit?

    Thanks in advance
     

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