The company has not carried business activities during the previous year and it has incurred some admin expenses and incurred losses to such extent. Can this loss can be carried forward as business loss?
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Business loss carry forward
Replies (4)
Yes, The Loss can be carried forward. if this loss is not from speculative business or specified business, then can be setoff from the profit of normal business.
Regards
Sanjeet
Agree with Mr.Sanjeet.you can carry forward such loss.
YES, I CAN BE CARRIED FORWARD
Agree with mr. Sanjeet. YOu can carry forward the loss to next year.
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