Page 36 - F6 - Special Deductions
P. 36

Set-off Of Assessed Losses









     Individuals may set off assessed losses incurred


        alone/from partnership in one trade against


        income incurred from another trade.








      BUT







     A shareholder of a company may not claim


        an assessed loss incurred by the company


        as a deduction in the determination of his


        taxable income
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