carried forward losses
This query is : Resolved
jewlikar m.
(Querist)
27 August 2009
If a company having carried forward losses i.e. in 2008, in 2009, the company icreased in the share capital.
In the above case campany can use the carried forward losses to reduce the tax liability in next year or not.
pl give advice
In the above case campany can use the carried forward losses to reduce the tax liability in next year or not.
pl give advice
jewlikar m.
(Querist)
27 August 2009
pl give
27 August 2009
Carry forward losses can be set off against future profits but not against Capital. Please cross tally my answer
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