SlideShare une entreprise Scribd logo

SET OFF AND CARRY FORWARD OF LOSSES

•Télécharger en tant que PPT, PDF•
•
Augustin Bangalore
Augustin Bangalore

SET OFF AND CARRY FORWARD OF LOSSES

Économie & financeTechnologie
1  sur  20
 
[object Object],[object Object],[object Object]
[object Object]
The Loss of Rs. 200000 can be set off with his Profit of Rs. 500000. Therefore the amount taxable under the head Profit & Gains from Business will be (500000 – 200000) Rs. 300000. X has two businesses – A & B. Profit From Business A Rs. 500000 Loss From Business B Rs. 200000.
 
 
[object Object]
The Net Loss from both businesses of Rs. 220000(290000-70000) can be set off with House Property income of Rs. 510000. Therefore the net income taxable is Rs. 290000. X has two non speculative businesses A & B. Besides he has income from house property. Profit From Business A Rs. 70000 Loss From Business B Rs. 290000. Income from House property Rs. 510000
 
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
 
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Type of Loss to be carried forward to the next year(s) Income against which carried forward loss can be set off in next year(s) Years HOUSE PROPERTY LOSS INCOME FROM HOUSE PROPERTY 8 YEARS. SPECULATION LOSS SPECULATION PROFITS 4 YEARS. NON SPECULATION BUSINESS LOSS: Unabsorbed Depreciation, Scientific Research & Family Planning Expenditure ANY INCOME NO TIME LIMIT Other Business Losses SPECULATIVE AND NON SPECULATIVE 8 YEARS SHORT TERM CAPITAL LOSS SHORT AND LONG TERM GAINS 8 YEARS LONG TERM CAPITAL LOSS LONG TERM CAPITAL GAINS 8 YEARS LOSS FROM ACTIVITY OF OWNING & MAINTAINING RACE HORSES INCOME FROM SUCH ACTIVITY 4 YEARS
 

Recommandé

Set off and carry forward losses
Set off and carry forward losses Set off and carry forward losses
Set off and carry forward losses MACFAST
 
Set off and carry forward of losses
Set off and carry forward of lossesSet off and carry forward of losses
Set off and carry forward of lossesP.Ravichandran Chandran
 
Set off-and-carry-forward-of-losses-bose
Set off-and-carry-forward-of-losses-boseSet off-and-carry-forward-of-losses-bose
Set off-and-carry-forward-of-losses-boseShankar Bose Sbose1958
 
Set off & carry forward
Set off & carry forwardSet off & carry forward
Set off & carry forwardSomya Chaturvedi
 
Income from other sources
Income from other sourcesIncome from other sources
Income from other sourcesIshitaSrivastava21
 
Income under the 5 heads
Income under the 5 headsIncome under the 5 heads
Income under the 5 headsRishiraj Yadav
 
Set off and carry forward of losses
Set off and carry forward of losses Set off and carry forward of losses
Set off and carry forward of losses Sunill Bn
 
Deduction from gross total income
Deduction from gross total incomeDeduction from gross total income
Deduction from gross total incomeanuja2
 

Recommandé

Set off and carry forward losses
Set off and carry forward losses Set off and carry forward losses
Set off and carry forward losses MACFAST
 
Set off and carry forward of losses
Set off and carry forward of lossesSet off and carry forward of losses
Set off and carry forward of lossesP.Ravichandran Chandran
 
Set off-and-carry-forward-of-losses-bose
Set off-and-carry-forward-of-losses-boseSet off-and-carry-forward-of-losses-bose
Set off-and-carry-forward-of-losses-boseShankar Bose Sbose1958
 
Set off & carry forward
Set off & carry forwardSet off & carry forward
Set off & carry forwardSomya Chaturvedi
 
Income from other sources
Income from other sourcesIncome from other sources
Income from other sourcesIshitaSrivastava21
 
Income under the 5 heads
Income under the 5 headsIncome under the 5 heads
Income under the 5 headsRishiraj Yadav
 
Set off and carry forward of losses
Set off and carry forward of losses Set off and carry forward of losses
Set off and carry forward of losses Sunill Bn
 
Deduction from gross total income
Deduction from gross total incomeDeduction from gross total income
Deduction from gross total incomeanuja2
 
Income From Other Sources
Income From Other SourcesIncome From Other Sources
Income From Other SourcesAmeet Patel
 
Clubbing of income ppt
Clubbing of income pptClubbing of income ppt
Clubbing of income pptjiten parmar
 
Deductions from gross total income
Deductions from gross total incomeDeductions from gross total income
Deductions from gross total incomeMohammed Umair
 
Income from other sources
Income from other sourcesIncome from other sources
Income from other sourcesMalik Tayyeb
 
Residential status
Residential statusResidential status
Residential statusPuneet Arora
 
5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptxtanishkajain40
 
Deductions from gross total income
Deductions from gross total incomeDeductions from gross total income
Deductions from gross total incomeP.Ravichandran Chandran
 
Lecture 6 heads of income
Lecture 6 heads of incomeLecture 6 heads of income
Lecture 6 heads of incomesumit235
 
Set off and carry forward
Set off and carry forwardSet off and carry forward
Set off and carry forwardPremChand155
 
Income from Other Sources
Income from Other SourcesIncome from Other Sources
Income from Other SourcesChella Pandian
 
Heads of income
Heads of incomeHeads of income
Heads of incomeMuhammadBasit56
 
Income from Capital gains
Income from Capital gainsIncome from Capital gains
Income from Capital gainsMohammed Haroon
 
Exempted incomes us 10 of it act1961
Exempted incomes us 10 of it act1961Exempted incomes us 10 of it act1961
Exempted incomes us 10 of it act1961B Satyanarayana Rao
 
Aggregation of income, set off and carry forward
Aggregation of income, set off and carry forwardAggregation of income, set off and carry forward
Aggregation of income, set off and carry forwardCA Dr. Prithvi Ranjan Parhi
 
Incomes exempt from tax under section 10
Incomes exempt from tax under section 10Incomes exempt from tax under section 10
Incomes exempt from tax under section 10Dr. Sanjay Sawant Dessai
 
Accounting Standard 20 - Earning Per Share
Accounting Standard 20 - Earning Per ShareAccounting Standard 20 - Earning Per Share
Accounting Standard 20 - Earning Per ShareCA Jimmit Mehta
 
Income from business or profession
Income from business or professionIncome from business or profession
Income from business or professionP.Ravichandran Chandran
 
Income from other sources
Income from other sources Income from other sources
Income from other sources IshitaSrivastava21
 
Set-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax ActSet-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax ActDVSResearchFoundatio
 
Capital gains ppt
Capital gains pptCapital gains ppt
Capital gains pptParitosh chaudhary
 
Setoff of losses
Setoff of lossesSetoff of losses
Setoff of lossesMorteza Ansari
 
Clubbing of income.bose
Clubbing of income.boseClubbing of income.bose
Clubbing of income.boseShankar Bose Sbose1958
 

Contenu connexe

Tendances

Income From Other Sources
Income From Other SourcesIncome From Other Sources
Income From Other SourcesAmeet Patel
 
Clubbing of income ppt
Clubbing of income pptClubbing of income ppt
Clubbing of income pptjiten parmar
 
Deductions from gross total income
Deductions from gross total incomeDeductions from gross total income
Deductions from gross total incomeMohammed Umair
 
Income from other sources
Income from other sourcesIncome from other sources
Income from other sourcesMalik Tayyeb
 
Residential status
Residential statusResidential status
Residential statusPuneet Arora
 
5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptxtanishkajain40
 
Lecture 6 heads of income
Lecture 6 heads of incomeLecture 6 heads of income
Lecture 6 heads of incomesumit235
 
Set off and carry forward
Set off and carry forwardSet off and carry forward
Set off and carry forwardPremChand155
 
Income from Other Sources
Income from Other SourcesIncome from Other Sources
Income from Other SourcesChella Pandian
 
Income from Capital gains
Income from Capital gainsIncome from Capital gains
Income from Capital gainsMohammed Haroon
 
Exempted incomes us 10 of it act1961
Exempted incomes us 10 of it act1961Exempted incomes us 10 of it act1961
Exempted incomes us 10 of it act1961B Satyanarayana Rao
 
Aggregation of income, set off and carry forward
Aggregation of income, set off and carry forwardAggregation of income, set off and carry forward
Aggregation of income, set off and carry forwardCA Dr. Prithvi Ranjan Parhi
 
Accounting Standard 20 - Earning Per Share
Accounting Standard 20 - Earning Per ShareAccounting Standard 20 - Earning Per Share
Accounting Standard 20 - Earning Per ShareCA Jimmit Mehta
 
Set-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax ActSet-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax ActDVSResearchFoundatio
 

Tendances (20)

Income From Other Sources
Income From Other SourcesIncome From Other Sources
Income From Other Sources
 
Clubbing of income ppt
Clubbing of income pptClubbing of income ppt
Clubbing of income ppt
 
Deductions from gross total income
Deductions from gross total incomeDeductions from gross total income
Deductions from gross total income
 
Income from other sources
Income from other sourcesIncome from other sources
Income from other sources
 
Residential status
Residential statusResidential status
Residential status
 
5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx
 
Deductions from gross total income
Deductions from gross total incomeDeductions from gross total income
Deductions from gross total income
 
Lecture 6 heads of income
Lecture 6 heads of incomeLecture 6 heads of income
Lecture 6 heads of income
 
Set off and carry forward
Set off and carry forwardSet off and carry forward
Set off and carry forward
 
Income from Other Sources
Income from Other SourcesIncome from Other Sources
Income from Other Sources
 
Heads of income
Heads of incomeHeads of income
Heads of income
 
Income from Capital gains
Income from Capital gainsIncome from Capital gains
Income from Capital gains
 
Exempted incomes us 10 of it act1961
Exempted incomes us 10 of it act1961Exempted incomes us 10 of it act1961
Exempted incomes us 10 of it act1961
 
Aggregation of income, set off and carry forward
Aggregation of income, set off and carry forwardAggregation of income, set off and carry forward
Aggregation of income, set off and carry forward
 
Incomes exempt from tax under section 10
Incomes exempt from tax under section 10Incomes exempt from tax under section 10
Incomes exempt from tax under section 10
 
Accounting Standard 20 - Earning Per Share
Accounting Standard 20 - Earning Per ShareAccounting Standard 20 - Earning Per Share
Accounting Standard 20 - Earning Per Share
 
Income from business or profession
Income from business or professionIncome from business or profession
Income from business or profession
 
Income from other sources
Income from other sources Income from other sources
Income from other sources
 
Set-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax ActSet-Off or Carry Forward of Losses in Income Tax Act
Set-Off or Carry Forward of Losses in Income Tax Act
 
Capital gains ppt
Capital gains pptCapital gains ppt
Capital gains ppt
 

En vedette

SET OFF AND CARRY FORWARD OF LOSSES-1
SET OFF AND CARRY FORWARD OF LOSSES-1SET OFF AND CARRY FORWARD OF LOSSES-1
SET OFF AND CARRY FORWARD OF LOSSES-1Augustin Bangalore
 
Set off and carry forward of losses.bose
Set off and carry forward of losses.boseSet off and carry forward of losses.bose
Set off and carry forward of losses.boseShankar Bose Sbose1958
 
Tax deductions u/s 80c to 80u
Tax deductions u/s 80c to 80uTax deductions u/s 80c to 80u
Tax deductions u/s 80c to 80uSumitBedi57
 
Lesson 10 clubbing of -income
Lesson 10 clubbing of -incomeLesson 10 clubbing of -income
Lesson 10 clubbing of -incomeKinnar Majithia
 
Set off and carried forward loss
Set off and carried forward lossSet off and carried forward loss
Set off and carried forward lossPraveen PC
 
Double Taxation Avoidance Agreement - DTAA
Double Taxation Avoidance Agreement - DTAADouble Taxation Avoidance Agreement - DTAA
Double Taxation Avoidance Agreement - DTAAnishidh41
 
Methods of avoiding the double taxation
Methods of avoiding the double taxationMethods of avoiding the double taxation
Methods of avoiding the double taxationMakha U
 
Deductions from gross total income under section 80C to 80 U of income tax ac...
Deductions from gross total income under section 80C to 80 U of income tax ac...Deductions from gross total income under section 80C to 80 U of income tax ac...
Deductions from gross total income under section 80C to 80 U of income tax ac...Dr. Sanjay Sawant Dessai
 
Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961Chirantan Tiwari
 
Tax exemption for non profit activities
Tax exemption for non profit activitiesTax exemption for non profit activities
Tax exemption for non profit activitiesAltacit Global
 
Clubbing of income
Clubbing of incomeClubbing of income
Clubbing of incomeShakti Yadav
 
Mergers & takeovers
Mergers & takeoversMergers & takeovers
Mergers & takeoversJagjit Raman
 
Direct tax code
Direct tax codeDirect tax code
Direct tax codesaravanan
 
Introduction to Income Tax
Introduction to Income TaxIntroduction to Income Tax
Introduction to Income TaxAshutosh Mittal
 

En vedette (20)

Setoff of losses
Setoff of lossesSetoff of losses
Setoff of losses
 
Clubbing of income.bose
Clubbing of income.boseClubbing of income.bose
Clubbing of income.bose
 
SET OFF AND CARRY FORWARD OF LOSSES-1
SET OFF AND CARRY FORWARD OF LOSSES-1SET OFF AND CARRY FORWARD OF LOSSES-1
SET OFF AND CARRY FORWARD OF LOSSES-1
 
Set off and carry forward of losses.bose
Set off and carry forward of losses.boseSet off and carry forward of losses.bose
Set off and carry forward of losses.bose
 
Tax deductions u/s 80c to 80u
Tax deductions u/s 80c to 80uTax deductions u/s 80c to 80u
Tax deductions u/s 80c to 80u
 
Clubbing of income
Clubbing of incomeClubbing of income
Clubbing of income
 
Lesson 10 clubbing of -income
Lesson 10 clubbing of -incomeLesson 10 clubbing of -income
Lesson 10 clubbing of -income
 
Set off and carried forward loss
Set off and carried forward lossSet off and carried forward loss
Set off and carried forward loss
 
Double Taxation Avoidance Agreement - DTAA
Double Taxation Avoidance Agreement - DTAADouble Taxation Avoidance Agreement - DTAA
Double Taxation Avoidance Agreement - DTAA
 
Bonus Shares
Bonus SharesBonus Shares
Bonus Shares
 
Methods of avoiding the double taxation
Methods of avoiding the double taxationMethods of avoiding the double taxation
Methods of avoiding the double taxation
 
Deductions from gross total income under section 80C to 80 U of income tax ac...
Deductions from gross total income under section 80C to 80 U of income tax ac...Deductions from gross total income under section 80C to 80 U of income tax ac...
Deductions from gross total income under section 80C to 80 U of income tax ac...
 
Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961Income tax authorities under Income tax act 1961
Income tax authorities under Income tax act 1961
 
Tax exemption for non profit activities
Tax exemption for non profit activitiesTax exemption for non profit activities
Tax exemption for non profit activities
 
Clubbing of income
Clubbing of incomeClubbing of income
Clubbing of income
 
Mergers & takeovers
Mergers & takeoversMergers & takeovers
Mergers & takeovers
 
Direct tax code
Direct tax codeDirect tax code
Direct tax code
 
Key Differences
Key DifferencesKey Differences
Key Differences
 
Introduction to Income Tax
Introduction to Income TaxIntroduction to Income Tax
Introduction to Income Tax
 
Aggregation of income
Aggregation of incomeAggregation of income
Aggregation of income
 

Similaire à SET OFF AND CARRY FORWARD OF LOSSES

module 2 Set-Off-and-Carry-Forward-of-Losses.ppt
module 2 Set-Off-and-Carry-Forward-of-Losses.pptmodule 2 Set-Off-and-Carry-Forward-of-Losses.ppt
module 2 Set-Off-and-Carry-Forward-of-Losses.pptMahesh Bendigeri
 
20150932 set-off-and-carry-forward-of-losses-indian-income-tax
20150932 set-off-and-carry-forward-of-losses-indian-income-tax20150932 set-off-and-carry-forward-of-losses-indian-income-tax
20150932 set-off-and-carry-forward-of-losses-indian-income-taxAbhishek Sharma
 
Aggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docx
Aggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docxAggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docx
Aggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docxpramav2411
 
Unit 5 income tax
Unit 5 income taxUnit 5 income tax
Unit 5 income taxUma T.G
 
Income tax quick referencer ay 18 19
Income tax quick referencer ay 18 19Income tax quick referencer ay 18 19
Income tax quick referencer ay 18 19Abhishek Murali
 
Income tax ready_referance
Income tax ready_referanceIncome tax ready_referance
Income tax ready_referancePuneet Mohan
 
yoo sam kiran ppt presentdjdjfjfjfjation .pdf
yoo sam kiran ppt presentdjdjfjfjfjation .pdfyoo sam kiran ppt presentdjdjfjfjfjation .pdf
yoo sam kiran ppt presentdjdjfjfjfjation .pdffijagoc570
 
Tax management (TM)- Deductions under section 80 of Income Tax act-MBA
Tax management (TM)- Deductions under section 80 of Income Tax act-MBATax management (TM)- Deductions under section 80 of Income Tax act-MBA
Tax management (TM)- Deductions under section 80 of Income Tax act-MBAChandra Shekar Immani
 
Unit III Computation Corporate Tax.pdf
Unit III Computation Corporate Tax.pdfUnit III Computation Corporate Tax.pdf
Unit III Computation Corporate Tax.pdfDayanand Huded
 
Labour Law Notes, Unit - 4, Bba Llb, Law
Labour Law Notes, Unit - 4, Bba Llb, LawLabour Law Notes, Unit - 4, Bba Llb, Law
Labour Law Notes, Unit - 4, Bba Llb, Lawssuser32bd0c
 
Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Piyali Parashari
 
1 Types of ITR forms to be filed for FY 22-23.pptx
1 Types of ITR forms to be filed for FY 22-23.pptx1 Types of ITR forms to be filed for FY 22-23.pptx
1 Types of ITR forms to be filed for FY 22-23.pptxAASTHAJAISWAL35
 
213526372-Corporate-Tax.pptx
213526372-Corporate-Tax.pptx213526372-Corporate-Tax.pptx
213526372-Corporate-Tax.pptxBalajiBalaji24767
 
Final account ppt
Final account pptFinal account ppt
Final account pptPratima57
 

Similaire à SET OFF AND CARRY FORWARD OF LOSSES (20)

module 2 Set-Off-and-Carry-Forward-of-Losses.ppt
module 2 Set-Off-and-Carry-Forward-of-Losses.pptmodule 2 Set-Off-and-Carry-Forward-of-Losses.ppt
module 2 Set-Off-and-Carry-Forward-of-Losses.ppt
 
20150932 set-off-and-carry-forward-of-losses-indian-income-tax
20150932 set-off-and-carry-forward-of-losses-indian-income-tax20150932 set-off-and-carry-forward-of-losses-indian-income-tax
20150932 set-off-and-carry-forward-of-losses-indian-income-tax
 
aoc.pdf
aoc.pdfaoc.pdf
aoc.pdf
 
Aggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docx
Aggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docxAggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docx
Aggregation-of-Income-Set-off-and-Carry-Forward-of-Losses.docx
 
Unit 5 income tax
Unit 5 income taxUnit 5 income tax
Unit 5 income tax
 
Group 8
Group 8Group 8
Group 8
 
Itr4
Itr4Itr4
Itr4
 
Income tax quick referencer ay 18 19
Income tax quick referencer ay 18 19Income tax quick referencer ay 18 19
Income tax quick referencer ay 18 19
 
Income tax ready_referance
Income tax ready_referanceIncome tax ready_referance
Income tax ready_referance
 
yoo sam kiran ppt presentdjdjfjfjfjation .pdf
yoo sam kiran ppt presentdjdjfjfjfjation .pdfyoo sam kiran ppt presentdjdjfjfjfjation .pdf
yoo sam kiran ppt presentdjdjfjfjfjation .pdf
 
Tax management (TM)- Deductions under section 80 of Income Tax act-MBA
Tax management (TM)- Deductions under section 80 of Income Tax act-MBATax management (TM)- Deductions under section 80 of Income Tax act-MBA
Tax management (TM)- Deductions under section 80 of Income Tax act-MBA
 
Unit III Computation Corporate Tax.pdf
Unit III Computation Corporate Tax.pdfUnit III Computation Corporate Tax.pdf
Unit III Computation Corporate Tax.pdf
 
Business.bose
Business.boseBusiness.bose
Business.bose
 
Labour Law Notes, Unit - 4, Bba Llb, Law
Labour Law Notes, Unit - 4, Bba Llb, LawLabour Law Notes, Unit - 4, Bba Llb, Law
Labour Law Notes, Unit - 4, Bba Llb, Law
 
Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17Filing your income tax return for FY 2016 17
Filing your income tax return for FY 2016 17
 
1 Types of ITR forms to be filed for FY 22-23.pptx
1 Types of ITR forms to be filed for FY 22-23.pptx1 Types of ITR forms to be filed for FY 22-23.pptx
1 Types of ITR forms to be filed for FY 22-23.pptx
 
Adjustments
AdjustmentsAdjustments
Adjustments
 
213526372-Corporate-Tax.pptx
213526372-Corporate-Tax.pptx213526372-Corporate-Tax.pptx
213526372-Corporate-Tax.pptx
 
Small Business Tax Tips
Small Business Tax TipsSmall Business Tax Tips
Small Business Tax Tips
 
Final account ppt
Final account pptFinal account ppt
Final account ppt
 

Plus de Augustin Bangalore

Auditing and Accounting scandals
Auditing and Accounting scandalsAuditing and Accounting scandals
Auditing and Accounting scandalsAugustin Bangalore
 
Conceptual objective questions and answers in Income tax
Conceptual objective questions and answers in Income taxConceptual objective questions and answers in Income tax
Conceptual objective questions and answers in Income taxAugustin Bangalore
 
Professional Courses In Commerce In India
Professional Courses In Commerce In IndiaProfessional Courses In Commerce In India
Professional Courses In Commerce In IndiaAugustin Bangalore
 
Holding company accounts and consolidated Balance Sheet
Holding company accounts and consolidated Balance SheetHolding company accounts and consolidated Balance Sheet
Holding company accounts and consolidated Balance SheetAugustin Bangalore
 
How To Rectify Errors In Financial Accounts
How To Rectify Errors In Financial AccountsHow To Rectify Errors In Financial Accounts
How To Rectify Errors In Financial AccountsAugustin Bangalore
 
Mbp Presentation Communication
Mbp Presentation CommunicationMbp Presentation Communication
Mbp Presentation CommunicationAugustin Bangalore
 
Alteration Of Memorandom Of Association Company Law
Alteration Of Memorandom Of Association Company LawAlteration Of Memorandom Of Association Company Law
Alteration Of Memorandom Of Association Company LawAugustin Bangalore
 
How To Solve Difficult Adjustments And Journal Entries In Financial Accounts
How To Solve Difficult Adjustments And Journal Entries In Financial AccountsHow To Solve Difficult Adjustments And Journal Entries In Financial Accounts
How To Solve Difficult Adjustments And Journal Entries In Financial AccountsAugustin Bangalore
 
Seperate Legal Entities Boon Or Bane To Corporates And Public
Seperate Legal Entities Boon Or Bane To Corporates And PublicSeperate Legal Entities Boon Or Bane To Corporates And Public
Seperate Legal Entities Boon Or Bane To Corporates And PublicAugustin Bangalore
 
Income From Salary Problems,Theory And Solutions New 2008 09 Assessment Year
Income From Salary Problems,Theory And Solutions New 2008 09 Assessment YearIncome From Salary Problems,Theory And Solutions New 2008 09 Assessment Year
Income From Salary Problems,Theory And Solutions New 2008 09 Assessment YearAugustin Bangalore
 
Indian Old Universities History
Indian Old Universities HistoryIndian Old Universities History
Indian Old Universities HistoryAugustin Bangalore
 
Income From House Property New 2008 09 Assessment Year
Income From House Property New 2008 09 Assessment YearIncome From House Property New 2008 09 Assessment Year
Income From House Property New 2008 09 Assessment YearAugustin Bangalore
 
Non Banking Financial Institutions
Non Banking Financial InstitutionsNon Banking Financial Institutions
Non Banking Financial InstitutionsAugustin Bangalore
 

Plus de Augustin Bangalore (20)

Auditing and Accounting scandals
Auditing and Accounting scandalsAuditing and Accounting scandals
Auditing and Accounting scandals
 
Petrol, Diesal And Dollar
Petrol, Diesal And DollarPetrol, Diesal And Dollar
Petrol, Diesal And Dollar
 
Xerox Corporation Fraud Case
Xerox Corporation Fraud CaseXerox Corporation Fraud Case
Xerox Corporation Fraud Case
 
Auditng Ppt(2)
Auditng Ppt(2)Auditng Ppt(2)
Auditng Ppt(2)
 
Accounting Frauds
Accounting FraudsAccounting Frauds
Accounting Frauds
 
Parmalat
ParmalatParmalat
Parmalat
 
Conceptual objective questions and answers in Income tax
Conceptual objective questions and answers in Income taxConceptual objective questions and answers in Income tax
Conceptual objective questions and answers in Income tax
 
Professional Courses In Commerce In India
Professional Courses In Commerce In IndiaProfessional Courses In Commerce In India
Professional Courses In Commerce In India
 
Holding company accounts and consolidated Balance Sheet
Holding company accounts and consolidated Balance SheetHolding company accounts and consolidated Balance Sheet
Holding company accounts and consolidated Balance Sheet
 
How To Rectify Errors In Financial Accounts
How To Rectify Errors In Financial AccountsHow To Rectify Errors In Financial Accounts
How To Rectify Errors In Financial Accounts
 
Mbp Presentation Communication
Mbp Presentation CommunicationMbp Presentation Communication
Mbp Presentation Communication
 
Alteration Of Memorandom Of Association Company Law
Alteration Of Memorandom Of Association Company LawAlteration Of Memorandom Of Association Company Law
Alteration Of Memorandom Of Association Company Law
 
How To Solve Difficult Adjustments And Journal Entries In Financial Accounts
How To Solve Difficult Adjustments And Journal Entries In Financial AccountsHow To Solve Difficult Adjustments And Journal Entries In Financial Accounts
How To Solve Difficult Adjustments And Journal Entries In Financial Accounts
 
Buy Back Of Shares,
Buy Back Of Shares,Buy Back Of Shares,
Buy Back Of Shares,
 
Seperate Legal Entities Boon Or Bane To Corporates And Public
Seperate Legal Entities Boon Or Bane To Corporates And PublicSeperate Legal Entities Boon Or Bane To Corporates And Public
Seperate Legal Entities Boon Or Bane To Corporates And Public
 
Income From Salary Problems,Theory And Solutions New 2008 09 Assessment Year
Income From Salary Problems,Theory And Solutions New 2008 09 Assessment YearIncome From Salary Problems,Theory And Solutions New 2008 09 Assessment Year
Income From Salary Problems,Theory And Solutions New 2008 09 Assessment Year
 
Indian Old Universities History
Indian Old Universities HistoryIndian Old Universities History
Indian Old Universities History
 
Income From House Property New 2008 09 Assessment Year
Income From House Property New 2008 09 Assessment YearIncome From House Property New 2008 09 Assessment Year
Income From House Property New 2008 09 Assessment Year
 
Non Banking Financial Institutions
Non Banking Financial InstitutionsNon Banking Financial Institutions
Non Banking Financial Institutions
 
Budget 08 09
Budget 08 09Budget 08 09
Budget 08 09
 

Dernier

VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...priyasharma62062
 
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...Call Girls in Nagpur High Profile
 
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...dipikadinghjn ( Why You Choose Us? ) Escorts
 
The Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdfThe Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdfGale Pooley
 
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfShrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfvikashdidwania1
 
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbaiVasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbaipriyasharma62062
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...ssifa0344
 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...dipikadinghjn ( Why You Choose Us? ) Escorts
 
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...priyasharma62062
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...Call Girls in Nagpur High Profile
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfSaviRakhecha1
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...dipikadinghjn ( Why You Choose Us? ) Escorts
 
Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Vinodha Devi
 
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...Call Girls in Nagpur High Profile
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure servicePooja Nehwal
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfGale Pooley
 

Dernier (20)

VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
Mira Road Memorable Call Grls Number-9833754194-Bhayandar Speciallty Call Gir...
 
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
 
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
 
The Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdfThe Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdf
 
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfShrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
 
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
 
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbaiVasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
 
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
Mira Road Awesome 100% Independent Call Girls NUmber-9833754194-Dahisar Inter...
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdf
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
 
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
From Luxury Escort Service Kamathipura : 9352852248 Make on-demand Arrangemen...
 
Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.
 
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
 

SET OFF AND CARRY FORWARD OF LOSSES

  • 1.  
  • 2.
  • 3.
  • 4. The Loss of Rs. 200000 can be set off with his Profit of Rs. 500000. Therefore the amount taxable under the head Profit & Gains from Business will be (500000 – 200000) Rs. 300000. X has two businesses – A & B. Profit From Business A Rs. 500000 Loss From Business B Rs. 200000.
  • 5.  
  • 6.  
  • 7.
  • 8. The Net Loss from both businesses of Rs. 220000(290000-70000) can be set off with House Property income of Rs. 510000. Therefore the net income taxable is Rs. 290000. X has two non speculative businesses A & B. Besides he has income from house property. Profit From Business A Rs. 70000 Loss From Business B Rs. 290000. Income from House property Rs. 510000
  • 9.  
  • 10.
  • 11.
  • 12.
  • 13.  
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19. Type of Loss to be carried forward to the next year(s) Income against which carried forward loss can be set off in next year(s) Years HOUSE PROPERTY LOSS INCOME FROM HOUSE PROPERTY 8 YEARS. SPECULATION LOSS SPECULATION PROFITS 4 YEARS. NON SPECULATION BUSINESS LOSS: Unabsorbed Depreciation, Scientific Research & Family Planning Expenditure ANY INCOME NO TIME LIMIT Other Business Losses SPECULATIVE AND NON SPECULATIVE 8 YEARS SHORT TERM CAPITAL LOSS SHORT AND LONG TERM GAINS 8 YEARS LONG TERM CAPITAL LOSS LONG TERM CAPITAL GAINS 8 YEARS LOSS FROM ACTIVITY OF OWNING & MAINTAINING RACE HORSES INCOME FROM SUCH ACTIVITY 4 YEARS
  • 20.