Brought forward loss

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Industrial trainee
31 Points Posted on 31 January 2019
Suppose i have a brought forward loss from business of previous year..If in the current year i have profits , is it compulsory to set that brought forward loss or do i have an option of not claiming the loss against my profits?
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On 31 January 2019 at 07:37 Report
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SEO Sai Gr. Hosp.
212511 Points Posted on 31 January 2019

Yes, but have option if cannot be totally absorbed.

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On 31 January 2019 at 09:41
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Tax Consultation (US and India)
2970 Points Posted on 31 January 2019

Thanks, sir, I was looking for these judgements since a while but couldn't find them.

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On 31 January 2019 at 10:19

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