Poonawalla fincorps
Poonawalla fincorps

How many year we carry-forward the business losses

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(Querist)
23 November 2012 how many Year we carry-forward the business losses in balance sheet.8 or 10
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CA Meenakshi Aggarwal

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CA Meenakshi Aggarwal (Expert)
23 November 2012 As per Income Tax Act, for Non - Speculative business - 8 years and for speculative business for 4 years.

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