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[Cites 0, Cited by 0] [Section 43(4)] [Section 43] [Entire Act]

State of Karnataka - Subsection

Section 43(4)(b) in Karnataka Forest Act, 1963

(b)For the purpose of calculating the net profits, the total expenditure incurred on the working and management of the forest shall be adjusted against the total income from the working and management up to the date of account and the amount of any deficit shall be carried forward with interest at the prescribed rate from year to year till such amount is made up and surplus is effected.