Brought forward loss of Previous year

540 views 2 replies

Pvt. Co. - whether Income tax is paid on the adjusted amount after B/F Loss or is to be paid on amount without adjusting B/F Loss (i.e gross amount before adusting loss) pls suggest because Income tax to be paid differs for before adjustment and after adjustment of loss of previous year. thanks to all members here for the support. 

Replies (2)

Ravibhai 

Tax will be paid on only those amount remaing after adjustment of b/f losses

while calculating tax, keep the MAT provisions in mind.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register