Loss in pvt. ltd. company

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Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2013 A manufacturing company having a loss of rs. 20 lacs in f.y. year 2012-13
can it is accepted in income tax department.

CHIDHAMBARA BALAJI (Expert)
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13 July 2013 Hai,

There is no question of acceptance and you can set off your losses .But you need to work out the losses as per IT Computation

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