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Accumulated Losses

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(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.
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RAJESH SHUKLA

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RAJESH SHUKLA (Expert)
15 November 2009 mr. rajiv,

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

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CA Ravi Sisodia (Expert)
15 November 2009 in accounts or in income tax ?



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Rajiv Lall

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Rajiv Lall (Querist)
15 November 2009 Debit balance in P/L Account. Can this be done in accounts?
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CA SANJAY MUKHERJEE

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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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