Hello Everyone
Can a company adjust any of its past financial losses against future profits?
The concept of carry forward loss in the next financial years
Account Knowledge (7 Points)
07 April 2023
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 10 April 2023
Yes, provided the returns filed u/s. 139(1) of IT act, and losses declared therein.
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