assume we have a loss for the last finacial year ,when we
are calculating income tax for this year how would be
affected last year loss
- 3 Answers
- 4949 Views
- I also Faced
- E-Mail Answers
Answer Posted / mark
loss for the last financial year can be carried forward to
next year and it can be setoff in case of business loss it
can be setoff only in business profits in case of house
property it can setoff from any source of head . in case of
accumulated dep can be setoff from all sources except from
income from salary in case of capital gains short term
capital loss can setoff only from short term gain . it can
carried forward for 8years
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
How to show reject material in ER1
What we mean by MAT Credit Entitlement ???
In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.
What is difference between Contract and legel and legel and profession service???? I had face this question in interview
WCT charged on firm or on proprietor?
is it necessary to use form38 in UP for purchase of goods from outside UP @5%CST Tax
updated rates of sales tax & VAT in Maharashtra
Deferred taxation is a part of which equity?
What is Labour Cess? Pl. define. & what is rate of Labour cess.
Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate
We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
DEFINATION OF LABOUR ACT?
