16 April 2010
In my Co. net profit as per P\L-272447.77, and short term loss -349423 & long term lose 512887.85, and Short term profit is 1426589.05 and Dividend income is 2650. LAST YEAR SHORT TERM ISLOSS B\F IS 85461, FOR THE ASSESSMENT YEAR 2009-2010, PL. TELL HOW MUCH TAX WILL BE PAID
16 April 2010
you can set off all the losses even carry foreard losses against short term capital profit except current year long term losses amounting to Rs. 512887.85.
current year LTC loss can be carry forward to next year for set off.
CAclubindia
