Easy Office
Easy Office

Loss

This query is : Resolved 
Avatar

Guest

Profile Image
Guest (Querist)
19 February 2011 An assessee incurred a loss of Rs. 815329.00 in F/Y 2007-08 he brought forwaded his loss till then but now in F/Y 2009-10 when assessment was made only 715000.00 was allowed as loss.In the F/Y he has set off all the amount with the profit made in F/Y 2008-09 now how the rest part of loss which was disallowed by the A.O. would be accounted for?
Profile Image

Guest

Profile Image

Guest (Expert)
20 February 2011 You need not make accounting entries for loss but you should revise your return for A.Y. 2009-10 by reducing carried farward losses.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links