Accumulated Losses
This query is : Resolved
Rajiv Lall
(Querist)
14 November 2009
Can the accumulated losses be set off/adjusted from the Securties Premium or Revaluation Reserve? Will be grateful to received an urgent response.
RAJESH SHUKLA
(Expert)
15 November 2009
mr. rajiv,
kindly let me know that about nature of accumulated losses to be set off.
kindly let me know that about nature of accumulated losses to be set off.
CA Ravi Sisodia
(Expert)
15 November 2009
in accounts or in income tax ?
Rajiv Lall
(Querist)
15 November 2009
Debit balance in P/L Account. Can this be done in accounts?
CA SANJAY MUKHERJEE
(Expert)
15 November 2009
I think no, you can't set off normal/operational business loss against share premium or against revaluation reserve.
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