Loss in pvt. ltd. company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 July 2013
A manufacturing company having a loss of rs. 20 lacs in f.y. year 2012-13
can it is accepted in income tax department.
can it is accepted in income tax department.
13 July 2013
Hai,
There is no question of acceptance and you can set off your losses .But you need to work out the losses as per IT Computation
There is no question of acceptance and you can set off your losses .But you need to work out the losses as per IT Computation
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