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Deffered Tax

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(Querist)
24 September 2008 If a company claiming expemption U/s 10A. If it incurred losses. Can the losses carried forward to subsequent years by the company?
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Vivek Goel

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Vivek Goel (Expert)
26 September 2008 b/f losses u/s 72(1), 74(1) & 74(3)of such company/undertaking shall be carried forward and set off as per the provisions of income tax act.

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