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?
pragadeeshkanna (searching) (281 Points)
12 September 2014The 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?
CA. sanjeet Kumar Ojha
(Chartered Accountant)
(272 Points)
Replied 12 September 2014
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
Sakthi Baskaran
(Chartered Accountant)
(141 Points)
Replied 12 September 2014
Kunal Mittal
(FINANCE OFFICER)
(580 Points)
Replied 13 September 2014
Agree with mr. Sanjeet. YOu can carry forward the loss to next year.
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