Treatment of loss (brought forward loss )

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Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 what treatment should be made of brought forward loss of previous year while calculating advance tax . please reply in detail.

CA Siddhartha Bhardwaj (Expert)
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19 November 2014 The brought forward loss shall be reduced while computing estimated taxable income for the year.

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