Poonawalla fincorps
Poonawalla fincorps

U/s 70

This query is : Resolved 
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(Querist)
24 July 2009 Can i carry forward my unabsorbed business loss without setting off loss against business profit in previous year.

Is these compulsary to set off loss if i have profit in previous year, or for my maximum advantage can c/f the loss.
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kunal jain

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kunal jain (Expert)
02 August 2009 Is it complusory to set off any losses or unabsorbed depreciation , if there is oppoutunity to do the same.
The Postponment of the same is not admissible.

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