tailieunhanh - Accounting Standards Interpretations 4: Losses under the head Capital Gains - Accounting Standard (AS) 22, Accounting for Taxes on Income

The issue is how AS 22 should be applied in respect of ‘loss’ arising under the head ‘Capital gains’ of the Income-tax Act, 1961 (hereinafter referred to as the ‘Act’), which can be carried forward and set-off in future years, only against the income arising underthat head as perthe requirements of the Act. | Accounting Standards Interpretations 4: Losses under the head Capital Gains - Accounting Standard (AS) 22, Accounting for Taxes on Income