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carry forward business loss
can I carry forward business loss in the itr even after closure of business??
Replies (4)
Can you explain this one "even after closure of business??"
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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