Loss as per books & Income Tax

Samir (Service) (29 Points)

17 September 2013  

hi,

In one of the private limited company, as per high court order accumulated losses has been adjusted against share premium account.

Now my query is , whether we will able to carried forward these losses as per income tax act and will able to take set off of the same against future profit.

 

please reply.

 

Sameer