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Trading Losses

Forums › ACCA Forums › ACCA TX Taxation Forums › Trading Losses

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  • April 9, 2012 at 5:22 am #52160
    Arsalan Ajmal
    Member
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    • ☆

    Can any one please elaborate the trading losses????

    April 10, 2012 at 11:15 am #96165
    raj123nair
    Participant
    • Topics: 2
    • Replies: 76
    • ☆☆

    Hi,

    Trading losses refers to loss incurred by business after making tax adjustment such as depreciation, business entertainment etc.

    However these losses can be used to reduce tax in future year.

    Hope it helps

    Regards
    Raj

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