I have to File my Return for FY 2015-16, my income is commission below 8 lakh as a partnership firm. my question is as follows:
I have loss balance from previous year (i.e Unabsorbed Depreciation of Rs.12380), should i take setoff if have profit in current year ? and if i got loss then can this loss+previous year loss can be carried forwarded for next year.
CAclubindia
