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Spike qs jun13 part a 2 terminl loss part

This topic has 5 replies, 2 voices, and was last updated 9 years ago by rockerz.

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May 7, 2015 at 11:25 am #244571
rockerz
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The terminal loss sav in 14/15 is 2500 ( 22500-10000)*20% it says all loss wl be relievd in tht year bt we can see aftr deductn PA stll 4800 remains (17300-12500) so whr is tht loss gone? Plz explain am nt gettttn it
May 7, 2015 at 1:46 pm #244590
acca13
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After deducting terminal loss from trading loss, whatever trading loss amount is left, offset the loss according to the trading loss relieving rules.
May 7, 2015 at 2:57 pm #244610
rockerz
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Heyyuu thnkzzzzzz alottttt
May 7, 2015 at 3:07 pm #244612
rockerz
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One more questin i wanna ask
In relievng tradin losses as they r relievd in 13/14 2500(22500-10000)*20% still 9300 remain frm total of 21800 so whr it goes ? And do we need to preserv personl allwnc ? Thxx
May 7, 2015 at 3:18 pm #244616
acca13
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why are you deducting 12500 from 21800?
May 19, 2015 at 1:28 pm #247175
rockerz
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Because our loss is 21800 tradin loss and we utilisn only 12500 (22500-10000pa) so stil 9300 loss remains na so whr wud tht go?
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