Charitable Trust – Adjustment of loss in Covid-2019 from deemed income u/s.11(3)

The issue relates to A. Y. 2021-22 which was Covid-2019 pandemic period.  The education institution incurred loss of Rs.2.89 Cr. for the reason that the fees from student reduced substantially while the expenditure on salary allowances continued as usual.  The accumulation u/s.11(2) for A.Y. 2015-16 and 2016-17 was utilised to set off the loss arising due to peculiar circumstances.  The deemed income u/s. 11(3) to the extent of Rs.2.89 Cr. was considered in the computation of income.  The net result of computation was Nil.  My question is whether the  loss can be adjusted from the deemed income u/s. 11(3).

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  112A WHETHER FOR LTCG 112 A CAN BE OPTED AND LTC LOSS CAN BE CLAIMED SEPARATELY. MEANING THEREBY WHETHER ASSESSEE CAN OPT FOR 112A FOR GAIN AND OTHER FOR LOSS ON EQUITY SALE.

112A WHETHER FOR LTCG 112 A CAN BE OPTED AND LTC LOSS CAN BE CLAIMED SEPARATELY. MEANING THEREBY WHETHER ASSESSEE CAN OPT FOR 112A FOR GAIN AND OTHERS FOR LOSS ON EQUITY SALE AND ADJUST LOSS

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