Page 54 - F6 Slide - Taxation - Lecture Day 2 Class
P. 54

Assessed losses (section 20)









          Definition:



                  Amount with which


                  Deductions allowed


                  Exceeds the income from which it can be


                     deducted.






                                            Deductions > income



                 • Unutilised assessed loss can be carried forward to


                     next year
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