Accumulated losses can be transfered to work in progress ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 November 2014 A private limited company having its accumulated losses for continuous 4 or 5 years, can it transfer all the accumulated losses to its Work in progress ?

15 November 2014 Accumulated losses can not be transferred to work in progress.

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 November 2014 Which provision under Income tax Act 1961 or Companies Act 2013/1956 will I require to refer, in this case?

15 November 2014 Refer accounting standard 10.


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