Carry forward loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 October 2011
We caring business in partnership. In last year F.Y. 10-11 P & L shows loss 5, 50,000/-. How many year we carry forward this loss?
14 October 2011
You can carry forward it for 8 years
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14 October 2011
Yes you Can carry forward it to 8 yaers but if any change in constitution of firm then proportion loss will be carry forward...
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