15 December 2016
One of my client a pvt ltd company had a business loss of 3.60 crs for FY 15-16. they r into ad and film making . the loss was primarily due to loss in film .
For current FY the profit till date is 1.60 crs.
So....
the last year loss can be adjusted against this year 's profit . Are they required to pay advance tax for this year ?
Please advise .
CAclubindia
