05 September 2016
dear sir Our company Last year show Profit before exceptional and extraordinary -423699 Deferred tax -130923 Profit/(Loss) for the period (292,775.96) I doubt is how much loss can be carry forward this a/c year 15-16 for set off profit Kindly advise
05 September 2016
deferred tax is not an allowance expenditure. the loss carried forward would be based on income tax computation considering various allowances and disallowances and not based on books of accounts.
05 September 2016
deferred tax is not an allowable expenditure. the loss carried forward would be based on income tax computation considering various allowances and disallowances and not based on books of accounts.
CAclubindia
