Loss in partner ship firm
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2015
Dear expert
loss incurred in partnership firm FY 2013-14. plz tell me does this loss may be set off or not if yes in which FY it is going to set off.
plz reply.
loss incurred in partnership firm FY 2013-14. plz tell me does this loss may be set off or not if yes in which FY it is going to set off.
plz reply.
21 March 2015
Loss of firm can be set off against the income of the firm for the eight succeeding years.
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