Carry forward loss

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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?

CA RICHA BADALIA (Expert)
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14 October 2011 You can carry forward it for 8 years

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CA Hardik Bunha (Expert)
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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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