Set off of short term capital loss

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2013 if the business will be closed in next year then hw to carry forward loss on sale of assets if the whole block is closed

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 October 2013 it will be cleared in next year only. Income tax return need to file based on income details for the previous year, not based on the anticipation for future years

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