Last year loss amt to set off profit

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Binu (Querist)
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05 September 2016 dear sir
Our company Last year show
Profit before exceptional and extraordinary -423699
Deferred tax -130923
Profit/(Loss) for the period (292,775.96)
I doubt is how much loss can be carry forward this a/c year 15-16 for set off profit
Kindly advise

SANTOSH SAGAR K

SANTOSH SAGAR K (Expert)
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05 September 2016 deferred tax is not an allowance expenditure. the loss carried forward would be based on income tax computation considering various allowances and disallowances and not based on books of accounts.

SANTOSH SAGAR K

SANTOSH SAGAR K (Expert)
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05 September 2016 deferred tax is not an allowable expenditure. the loss carried forward would be based on income tax computation considering various allowances and disallowances and not based on books of accounts.

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