tax losses carried forward
Spanish translation: deducción de pérdidas anteriores
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| 05:37 Oct 28, 2001 |
| English to Spanish translations [Non-PRO] Bus/Financial | ||||
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|  Selected response from: Davorka Grgic Local time: 01:42 | |||
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| Summary of answers provided | ||||
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| 4 | boycott perhaps? |
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| 4 | deducción de pérdidas anteriores |
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| 4 | pérdida fiscal repercutida (o arrastrada al ejercicio posterior) |
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Answers
27 mins confidence: 
boycott perhaps? Explanation: taking advantage? |
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2 hrs confidence:
deducción de pérdidas anteriores Explanation: What is set off of losses? If the net result for any assessment year in respect of any source of income under any head of income is a loss, the assessee is entitled to have the amount of such loss set off against any other source of income under the same head of income. For eg., if under Income from house property, an assessee has income from property A and loss from property B, the loss of property B can be set off against income of property A and only the net amount will be chargeable to tax. What is carry forward of loss? If after setting off loss against income under the same head or other heads, the net result is still a loss, subject to fulfilment of certain conditions, such loss of that year can be set off against income under the same head of the following year. This is known as carry forward of losses. To simplify, the process of setting off of losses and their carry forward may be covered in the following steps: Inter-source adjustment under the same head of income Inter-head adjustment in the same assessment year. This always follows inter-source adjustment and only if a loss cannot be set off, fully or partly, under inter-source adjustment Carry forward of loss. This is applied only if a loss cannot be set off by inter-source/inter-head adjustment still results in a loss. http://www.timesofmoney.com/tax_centre/jsp/abscof_loss.jsp. Eurodicautom: Document 1 Next HitList Query Options FeedBack Collection Finances (Accounting) (=UEC85) English Term tax loss carry-forward Definition the right granted to taxpayers to off-set tax trading losses incurred against taxable profits of future periods Spanish Term deducción de pérdidas anteriore Definition derecho del contribuyente de imputar las pérdidas de períodos precedentes contra el beneficio del período para determinar la base imponible HTH see above |
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2 hrs confidence:
pérdida fiscal repercutida (o arrastrada al ejercicio posterior) Explanation: none Reutledge Dict of Businnes, Commerce and Finance |
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