Meaning Of The Word Carry back
What's the definition of Carry back? Find Carry back meanings, definitions and more at the Real Dictionary online.
Carry back Meaning
| Carry back Definition |
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What's The Definition Of Carry back?
carry back in British English
to apply (an unused credit or operating loss) to the net income of a prior period in order to reduce the tax for that period noun: an amount carried back verb: If you carry back a loss or credit, you apply it to a previous tax year. verb: to apply (a legally permitted credit, esp an operating loss) to the taxable income of previous years in order to ease the overall tax burden |
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