Assessment of firm

Direct Taxation

How to calculate total income in case of net loss in p/l acc of a firm?

Pushkala S

CA Final

★ 3K+

02-Jan-22 15:57

482

Answers (2)

Calculate taxable income as per the provisions under Income Tax Act. If there is a loss even as per tax provisions, you can set off and carry forward.

Yoga Vishnu

CA Final

★ 11K+

02-Jan-22 17:52

Yoga Vishnu

Calculate taxable income as per the provisions under Income Tax Act. If there is a loss even as per tax provisions, you can set off and carry forward.

Ok sir

Thread Starter

Pushkala S

CA Final

★ 3K+

02-Jan-22 18:17