Go and Continue For Loss

Profits and losses on both sides of the coin. Of course, losing is hard to digest. However, the Income-tax law in India gives taxpayers some benefits of recovering losses as well. The Act contains provisions for departure and for the advancement of losses discussed in detail in this article.

Updated on:  

Contents

  1. The set of loss

1. The set of loss

Stop loss means to adjust the loss compared to the gain or income for that year. Unplanned losses compared to income in the same year can be transferred in subsequent years to reduce the revenue for those years. The setting can be an intra-head setting or an inter-head setting.

Frequently Asked Questions

Q- carry forwad of losing

After performing the correct and appropriate adjustment of the intra-head and inter-head, there may still be unjust losses. These adjusted losses may be continued in the coming years for adjustment compared with the current income. Rules for advancement vary slightly from different salary points. This is discussed here

 

CEO Krishna Gopal

Krishna Gopal Varshney is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Myitronline.com. Myitronline is amongst the top emerging startups of Asia and authorized ERI by the Income Tax Department. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. ”

Krishna Gopal Varshney
Co-founder & CEO