Can anyone explain me this sentence!!! " The benefit relating to a tax loss that can be carried back to recover current tax of a previous period shall be recognized as an asset." Can a loss be carried backward?
shreya singal (student) (297 Points)
12 December 2017Can anyone explain me this sentence!!! " The benefit relating to a tax loss that can be carried back to recover current tax of a previous period shall be recognized as an asset." Can a loss be carried backward?
Poorna Chandra Naidu Recharla
(7 Points)
Replied 12 December 2017
CAclubindia
