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Loss on company

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2013 i worked in pvt. ltd. company & company paid int. on unsecured loan Rs. 11,00,000/-
company have loss as on 31.03.13
Rs. 21,50,000/-
can it is acceptance in income tax
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
12 July 2013 Facts are always accepted. In case the loss is genuine, it will be accepted.
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