Brought forward loss of Previous year

ravi (senior accountant) (507 Points)

16 May 2011  

Pvt. Co. - whether Income tax is paid on the adjusted amount after B/F Loss or is to be paid on amount without adjusting B/F Loss (i.e gross amount before adusting loss) pls suggest because Income tax to be paid differs for before adjustment and after adjustment of loss of previous year. thanks to all members here for the support.