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carried forward losses

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(Querist)
27 August 2009 If a company having carried forward losses i.e. in 2008, in 2009, the company icreased in the share capital.
In the above case campany can use the carried forward losses to reduce the tax liability in next year or not.
pl give advice
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jewlikar m.

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jewlikar m. (Querist)
27 August 2009 pl give
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
27 August 2009 Carry forward losses can be set off against future profits but not against Capital. Please cross tally my answer
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