Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

assume we have a loss for the last finacial year ,when we
are calculating income tax for this year how would be
affected last year loss

Answer Posted / h.r. sreepada bhagi

Income Tax Returns needs to be filed by a business entity
for every Assessment year and the loss calculated as per the
Income Tax Act, 1961 can be carried forward to the next
Assessment year.
While computing Income Tax for the Current Assessment year,
the loss brought forward from last can be set off as per the
provisions of Income Tax Act.

For more Information & practical guidance, contact a
Chartered Accountant or a Tax Practitioner.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.

1638


what is cenvat credit? plz tell service tax interest rate and watz it procedure...

2325


what is excise return, what is form requirement and what is procedure for excise return?

2190


Is Work Contract Tax expenses for a company?

1525


how to creat e-vat return in tally

2057


if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount

1942


HOW TO FILL UP WEST BENGAL VAT FORM 14. NOT TECHNICALLY I AM AWARE ABOUT THEIR MANUAL. BUT I WANT TO KNOW POINT BY POINT.

9601


What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

2361


What is income tax? How is it calculated?

1119


IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

2384


How do you plan to achieve these goals?

2450


What is export under ribet notification number

2225


is WCT applicable one time? and what will be rate of WCT in UP State?

1899


We had paid TDS against rent in assessment year 2009-2010. But by mistake one of the pan no of the landlord was wrongly entered. Now the demand has been raised. Please advise how to correct the situation.

1983


what are the slab rate for F Y 2010-11

2054