Carry forward of losses
This query is : Resolved
22 June 2013
A company hasn't commenced its operations and hence no P/L A/c is made. Meanwhile, its incurring expenses like bank charges, audit fee etc. hall these expenses be shown in the return of income for income tax purpose as business loss?? If yes, can these losses be carried forward?
22 June 2013
Yes. it can be booked as business loss and carry forward to next year set off
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