Menu
accounts
What is the treatment in balance sheet net profit if capital loss is there? can i add this or less?
Replies (2)
SHOW IN P/L ACCOUNT
HOWEVER LESS IN COMPUTATION OF INCOME TAX (DISALLOWED)
AND CAPITAL LOSS CAN BE SET OFF LTCG ONLY
If your capital is loss, it comes in debit side of balance sheet. When there is net profit, it should be deduct from capital loss. When there is net loss, it should be add to capital loss.
Recent Topic
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
- Need CA to certify shareholding pattern.
Related Topics
CAclubindia
