Sir in rule 3 we deduct loss of Current financial year but should we deduct carried forward loss of prevvious year because it is written section 123 that all previous year loss will be set off. So based on harmonious reading what should we do

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Sir in rule 3 we deduct loss of Current financial year but should we deduct carried forward loss of prevvious year because it is written section 123 that all previous year loss will be set off. So based on harmonious reading what should we do

Questions › Category: CA-Final Dividend › Sir in rule 3 we deduct loss of Current financial year but should we deduct carried forward loss of prevvious year because it is written section 123 that all previous year loss will be set off. So based on harmonious reading what should we do

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Himalaya asked 6 years ago

Question Tags: Sec 123 and rule 3

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Ravi Staff answered 6 years ago

please see below link

Sir, what is the meaning of “carried over past losses and depreciation” which must be set off before declaring the dividend. Is it having the same meaning as given under the Income Tax Act?