Brought forward loss

140 views 2 replies
Suppose i have a brought forward loss from business of previous year..If in the current year i have profits , is it compulsory to set that brought forward loss or do i have an option of not claiming the loss against my profits?
Replies (2)

Yes, but have option if cannot be totally absorbed.

Thanks, sir, I was looking for these judgements since a while but couldn't find them.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register