Ajay Raghatate
(Sr Executive (Excise & Accounts))
(736 Points)
Replied 26 April 2012
Dear Sir,
There are any obligation for Income tax, for Trading in Stocks ?
My turnover upto Mar'2012 - above 50 lacs. but I have accured loss by 30,000/- for that period.
Can I setoff loss of previous year with next year profit ?
Thanks
Ajay
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