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Accumulated Losses

This query is : Resolved 

Can the accumulated losses be set off/adjusted from the Securties Premium or Revaluation Reserve? Will be grateful to received an urgent response.

mr. rajiv,

kindly let me know that about nature of accumulated losses to be set off.

in accounts or in income tax ?

Debit balance in P/L Account. Can this be done in accounts?

I think no, you can't set off normal/operational business loss against share premium or against revaluation reserve.

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