Carried forward of loss
This query is : Resolved
26 September 2011
If a partnership firm, during FY 09-10 incurred loss, however the same was shown as pre-operative expenses in the books hence not claiming loss u/s 72. Now, can they claim the pre-operative exps. as loss set-off u/s 72 during FY 10-11 and subsequent years?
30 September 2011
Please check section 72 of the Incoeme tax Act 1961
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