Hello Everyone
Can a company adjust any of its past financial losses against future profits?
The concept of carry forward loss in the next financial years
Account Knowledge (7 Points)
07 April 2023
Account Knowledge (7 Points)
07 April 2023Hello Everyone
Can a company adjust any of its past financial losses against future profits?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 10 April 2023
Yes, provided the returns filed u/s. 139(1) of IT act, and losses declared therein.
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