Vignesh Killur (Articled Assistant) (1666 Points)
09 February 2011In case I have brought forward business loss of Rs. 200,000 and this year my income from business is Rs. 260,000 and that is my only income, is it necessary to claim whole brought forward loss or only to the extent of Rs. 100,000 & can that 160,000 be carried forward to subsequent years?
CA Gajanan
(Audit Assitant)
(25 Points)
Replied 09 February 2011
we are claim all carry forward losess...................
Bimal Thacker
(Proprietor)
(762 Points)
Replied 09 February 2011
Whole B/F loss to adjust and not part in your case
CA. MANAL CHAWLA
(CA + CS Professional)
(566 Points)
Replied 09 February 2011
whole loss will be set off in this year and only Rs.60,000/- income will be included in your total income for this year
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
