The amount of losses incurred during each business year within the five year prior to the first day of the current business year which were not thereafter deducted in the calculation of the basis for assessment of taxes shall be deducted from the income of a domestic corporation for business year. The amount of losses of a domestic corporation for each business year shall be the total amount of earning during the business year deducted from the total amount of losses incurred during the business year.
How satisfied are you with our website?
