-LOSSES INCURED BY A COMPANY -this can be carried forward  or relieved for a maximum period of four years except for Petroleum and agricultural business. Recently loss relief  limit for insurance company was extended indefinitely(that is removed).

-The loss to be relieved will not be more than the actual loss.

-The loss must be relieved from profit from the same source.

For more information call +234-80 67922530.

Disclaimer: Obi Azubuike is not by this publication acting as a professional advisers and therefore not liable to any  damage whatsoever for your acting or refraining to act based on  this publication. Consult your professional for advice. 

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