Carry forward of loss

358 views 5 replies
Can losses pertaining to two consecutive previous years be set off in the 3rd year together in full. And what if one fails to set off the previous to previous year loss whereas the immediate previous year loss was set off in full......................but due to some discrepany the previous to previous year loss though having room to set the whole loss off was not set off................can the same be set off in the third year.....this is about a pvt Ltd company.
Replies (5)
Can any body respond o this please

Hello,

Can losses pertaining to two consecutive previous years be set off in the 3rd year together in full : Yes, It is allowed.
Can losses pertaining to two consecutive previous years be set off in the 3rd year together in full. And what if one fails to set off the previous to previous year loss whereas the immediate previous year loss was set off in full....but due to some discrepany the previous to previous year loss though having room to set the whole loss off was not set off....can the same be set off in the third year.....
 
In the above case previous to previous year loss can't be set off in the third year.
 
 
 

Kindly provide figure of loss & profit for previous to previous year case.

 

Thanks Mr.Goel. the loss of previous to previous year is INR 17000.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details