LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

accounts

Abhi Raj (4 Points)

17 July 2018

What is the treatment in balance sheet net profit if capital loss is there? can i add this or less?

Reply
Follow
Share

2 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 17 July 2018

SHOW IN P/L ACCOUNT

HOWEVER LESS IN COMPUTATION OF INCOME TAX (DISALLOWED)

AND CAPITAL LOSS CAN BE SET OFF LTCG ONLY

Nitin Mahale (CA Student) (88 Points)
Replied 17 July 2018

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 Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

Live class on Bonus & Gratuity(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

25 April 2024
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)

CA Arun Chhajer

Enroll Now

21 April 2024
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"

CA Vishal Zawar

Enroll Now

01 May 2024

view all classess

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads