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REGARDING , REPORTING OF CARRIED FORWARD LOSS OF PREVIOUS YEAR IN FORM 3CD

This query is : Resolved 
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(Querist)
28 September 2023 CAN WE CAPITALIZE PREVIOUS YEAR LOSS?
XYZ FIRM HAD LOSS OF RS 792452 IN A.Y 2022-23, IN A.Y 2023-24 THEY WANT TO CAPITALIZE THAT LOSS IN P&L RATIO .IS IT A VALID TRANSACTION ? IF YES HOW SHOULD I REPORT IT IN FORM 3CD?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 September 2023 You can't capitalise previous year loss.

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