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
Hema Yashwanth & Associates
Chennai
B.Com
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Rohit KC Jain & Co
New Delhi
CA Inter
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Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
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CCI
Pro
CAclubindia
