carry forward business loss
(Guest)
can I carry forward business loss in the itr even after closure of business??
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 25 July 2018
Can you explain this one "even after closure of business??"
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 25 July 2018
Yeah...
Meaning is different for "CLOSURE" and "NO BUSUNESS"...
CLOSURE - Business will be closed (Can't run again that business)
NO BUSINESS - No more outwards supplies or (loss for sale value are less than expenses) - Can be carry Forward the Loss....
Meaning is different for "CLOSURE" and "NO BUSUNESS"...
CLOSURE - Business will be closed (Can't run again that business)
NO BUSINESS - No more outwards supplies or (loss for sale value are less than expenses) - Can be carry Forward the Loss....
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