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Loss in partner ship firm

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Querist : Anonymous

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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.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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