is Income Tax Paid on net loss ?
This query is : Resolved
30 October 2009
Dear sir,
Is income tax is paid on Net loss in a trading account ?
By,
Rajeesh
Is income tax is paid on Net loss in a trading account ?
By,
Rajeesh
Praveen Sharma
(Expert)
30 October 2009
NO Income Tax if there will be Net Loss under head PGBP for computing tax liability.
Regards
Regards
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