SlideShare una empresa de Scribd logo

SET OFF AND CARRY FORWARD OF LOSSES

•Descargar como PPT, PDF•
•
Augustin Bangalore
Augustin Bangalore

SET OFF AND CARRY FORWARD OF LOSSES

Economía y finanzasTecnología
1 de 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
 

Recomendados

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 & carry forward
Set off & carry forwardSet off & carry forward
Set off & carry forwardSomya Chaturvedi
 
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
 
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
 
Income from business or profession
Income from business or professionIncome from business or profession
Income from business or professionParminder Kaur
 
Class xii accountancy - Partnership
Class xii accountancy - PartnershipClass xii accountancy - Partnership
Class xii accountancy - PartnershipMamta Narula
 
i.tax Sec 80
i.tax Sec 80i.tax Sec 80
i.tax Sec 80VIPIN SINGLA
 

Recomendados

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 & carry forward
Set off & carry forwardSet off & carry forward
Set off & carry forwardSomya Chaturvedi
 
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
 
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
 
Income from business or profession
Income from business or professionIncome from business or profession
Income from business or professionParminder Kaur
 
Class xii accountancy - Partnership
Class xii accountancy - PartnershipClass xii accountancy - Partnership
Class xii accountancy - PartnershipMamta Narula
 
i.tax Sec 80
i.tax Sec 80i.tax Sec 80
i.tax Sec 80VIPIN SINGLA
 
Computation of Profits & Gains of Business or Profession
Computation of Profits & Gains of Business or ProfessionComputation of Profits & Gains of Business or Profession
Computation of Profits & Gains of Business or ProfessionDr. Sanjay Sawant Dessai
 
Profits and Gains of Business or Profession
Profits and Gains of Business or ProfessionProfits and Gains of Business or Profession
Profits and Gains of Business or ProfessionChella Pandian
 
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
 
Income From Other Sources
Income From Other SourcesIncome From Other Sources
Income From Other SourcesAmeet Patel
 
Income from other sources
Income from other sourcesIncome from other sources
Income from other sourcesIshitaSrivastava21
 
Tax presentation business income
Tax presentation business incomeTax presentation business income
Tax presentation business incomeVikram Sankhala IIT, IIM, Ex IRS, FRM, Fin.Engr
 
Income from Salary
Income from SalaryIncome from Salary
Income from SalaryRAJESH JAIN
 
Income from house property
Income from house propertyIncome from house property
Income from house propertyDVSResearchFoundatio
 
Exempted income under income tax act
Exempted income under income tax actExempted income under income tax act
Exempted income under income tax actAltacit Global
 
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
 
Introduction to Income Tax
Introduction to Income TaxIntroduction to Income Tax
Introduction to Income TaxAshutosh Mittal
 
Set off and carried forward loss
Set off and carried forward lossSet off and carried forward loss
Set off and carried forward lossPraveen PC
 
5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptxtanishkajain40
 
INCOME FROM OTHER SOURCES
INCOME FROM OTHER SOURCESINCOME FROM OTHER SOURCES
INCOME FROM OTHER SOURCESNaveen Khubchandani
 
Income from salary
Income from salaryIncome from salary
Income from salaryP.Ravichandran Chandran
 
Income under the 5 heads
Income under the 5 headsIncome under the 5 heads
Income under the 5 headsRishiraj Yadav
 
Deductions to be made under Income Tax Act, 1961
Deductions to be made under Income Tax Act, 1961Deductions to be made under Income Tax Act, 1961
Deductions to be made under Income Tax Act, 1961Amandeepbal60
 
Accounts of insurance companies
Accounts of insurance companiesAccounts of insurance companies
Accounts of insurance companiesKiran Kurian Philip
 
Income from house property
Income from house propertyIncome from house property
Income from house propertyP.Ravichandran Chandran
 
Hindu undivided family[huf] (3)
Hindu undivided family[huf] (3)Hindu undivided family[huf] (3)
Hindu undivided family[huf] (3)RAKSHITH S
 
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
 

Más contenido relacionado

La actualidad más candente

Computation of Profits & Gains of Business or Profession
Computation of Profits & Gains of Business or ProfessionComputation of Profits & Gains of Business or Profession
Computation of Profits & Gains of Business or ProfessionDr. Sanjay Sawant Dessai
 
Profits and Gains of Business or Profession
Profits and Gains of Business or ProfessionProfits and Gains of Business or Profession
Profits and Gains of Business or ProfessionChella Pandian
 
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
 
Income From Other Sources
Income From Other SourcesIncome From Other Sources
Income From Other SourcesAmeet Patel
 
Income from Salary
Income from SalaryIncome from Salary
Income from SalaryRAJESH JAIN
 
Exempted income under income tax act
Exempted income under income tax actExempted income under income tax act
Exempted income under income tax actAltacit Global
 
Introduction to Income Tax
Introduction to Income TaxIntroduction to Income Tax
Introduction to Income TaxAshutosh Mittal
 
Set off and carried forward loss
Set off and carried forward lossSet off and carried forward loss
Set off and carried forward lossPraveen PC
 
5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptxtanishkajain40
 
Income under the 5 heads
Income under the 5 headsIncome under the 5 heads
Income under the 5 headsRishiraj Yadav
 
Deductions to be made under Income Tax Act, 1961
Deductions to be made under Income Tax Act, 1961Deductions to be made under Income Tax Act, 1961
Deductions to be made under Income Tax Act, 1961Amandeepbal60
 
Hindu undivided family[huf] (3)
Hindu undivided family[huf] (3)Hindu undivided family[huf] (3)
Hindu undivided family[huf] (3)RAKSHITH S
 

La actualidad más candente (20)

Computation of Profits & Gains of Business or Profession
Computation of Profits & Gains of Business or ProfessionComputation of Profits & Gains of Business or Profession
Computation of Profits & Gains of Business or Profession
 
Profits and Gains of Business or Profession
Profits and Gains of Business or ProfessionProfits and Gains of Business or Profession
Profits and Gains of Business or Profession
 
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
 
Income From Other Sources
Income From Other SourcesIncome From Other Sources
Income From Other Sources
 
Income from other sources
Income from other sourcesIncome from other sources
Income from other sources
 
Tax presentation business income
Tax presentation business incomeTax presentation business income
Tax presentation business income
 
Income from Salary
Income from SalaryIncome from Salary
Income from Salary
 
Income from house property
Income from house propertyIncome from house property
Income from house property
 
Exempted income under income tax act
Exempted income under income tax actExempted income under income tax act
Exempted income under income tax act
 
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
 
Introduction to Income Tax
Introduction to Income TaxIntroduction to Income Tax
Introduction to Income Tax
 
Set off and carried forward loss
Set off and carried forward lossSet off and carried forward loss
Set off and carried forward loss
 
5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx5 HEADS OF INCOME PPT.pptx
5 HEADS OF INCOME PPT.pptx
 
INCOME FROM OTHER SOURCES
INCOME FROM OTHER SOURCESINCOME FROM OTHER SOURCES
INCOME FROM OTHER SOURCES
 
Income from salary
Income from salaryIncome from salary
Income from salary
 
Income under the 5 heads
Income under the 5 headsIncome under the 5 heads
Income under the 5 heads
 
Deductions to be made under Income Tax Act, 1961
Deductions to be made under Income Tax Act, 1961Deductions to be made under Income Tax Act, 1961
Deductions to be made under Income Tax Act, 1961
 
Accounts of insurance companies
Accounts of insurance companiesAccounts of insurance companies
Accounts of insurance companies
 
Income from house property
Income from house propertyIncome from house property
Income from house property
 
Hindu undivided family[huf] (3)
Hindu undivided family[huf] (3)Hindu undivided family[huf] (3)
Hindu undivided family[huf] (3)
 

Destacado

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
 
Clubbing of income ppt
Clubbing of income pptClubbing of income ppt
Clubbing of income pptjiten parmar
 
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
 
Lesson 10 clubbing of -income
Lesson 10 clubbing of -incomeLesson 10 clubbing of -income
Lesson 10 clubbing of -incomeKinnar Majithia
 
Deduction from gross total income
Deduction from gross total incomeDeduction from gross total income
Deduction from gross total incomeanuja2
 
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
 
7 clubbing of_income
7 clubbing of_income7 clubbing of_income
7 clubbing of_incomebhupendra91
 

Destacado (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
 
Clubbing of income ppt
Clubbing of income pptClubbing of income ppt
Clubbing of income ppt
 
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
 
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
 
Deduction from gross total income
Deduction from gross total incomeDeduction from gross total income
Deduction from gross total income
 
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
 
Aggregation of income
Aggregation of incomeAggregation of income
Aggregation of income
 
7 clubbing of_income
7 clubbing of_income7 clubbing of_income
7 clubbing of_income
 

Similar a 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
 
Set off and carry forward
Set off and carry forwardSet off and carry forward
Set off and carry forwardPremChand155
 
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
 
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
 
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
 

Similar a 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
 
Set off and carry forward
Set off and carry forwardSet off and carry forward
Set off and carry forward
 
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
 
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
 
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
 

Más 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
 

Más 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
 

Último

VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...dipikadinghjn ( Why You Choose Us? ) Escorts
 
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...dipikadinghjn ( Why You Choose Us? ) Escorts
 
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Adnet Communications
 
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfToronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfJinJiang6
 
Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...priyasharma62062
 
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
 
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumFinTech Belgium
 
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfQ1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfAdnet Communications
 
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...roshnidevijkn ( Why You Choose Us? ) Escorts
 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxazadalisthp2020i
 
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
 
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7jayawati511
 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesFalcon Invoice Discounting
 
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...priyasharma62062
 
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...amitlee9823
 
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Bookingroncy bisnoi
 
Cybersecurity Threats in Financial Services Protection.pptx
Cybersecurity Threats in Financial Services Protection.pptxCybersecurity Threats in Financial Services Protection.pptx
Cybersecurity Threats in Financial Services Protection.pptxLumiverse Solutions Pvt Ltd
 
Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...priyasharma62062
 
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...priyasharma62062
 

Último (20)

VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
 
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
 
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024
 
Toronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdfToronto dominion bank investor presentation.pdf
Toronto dominion bank investor presentation.pdf
 
Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...
Airport Road Best Experience Call Girls Number-📞📞9833754194 Santacruz MOst Es...
 
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 ...
 
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech Belgium
 
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfQ1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdf
 
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
VIP Kalyan Call Girls 🌐 9920725232 🌐 Make Your Dreams Come True With Mumbai E...
 
cost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).pptxcost-volume-profit analysis.ppt(managerial accounting).pptx
cost-volume-profit analysis.ppt(managerial accounting).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...
 
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
(Sexy Sheela) Call Girl Mumbai Call Now 👉9920725232👈 Mumbai Escorts 24x7
 
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
 
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
 
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
Call Girls Banaswadi Just Call 👗 7737669865 👗 Top Class Call Girl Service Ban...
 
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
 
Cybersecurity Threats in Financial Services Protection.pptx
Cybersecurity Threats in Financial Services Protection.pptxCybersecurity Threats in Financial Services Protection.pptx
Cybersecurity Threats in Financial Services Protection.pptx
 
Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...
Vasai-Virar High Profile Model Call Girls📞9833754194-Nalasopara Satisfy Call ...
 
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
Diva-Thane European Call Girls Number-9833754194-Diva Busty Professional Call...
 

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.