13 January 2014
Not able to carry forward the losses under various heads: you are not able to carry forward following type of losses if file return after due date • Speculation loss business loss excluding loss due to unabsorbed depreciation and capital exp on scientific research • short term capital loss • long term capital loss • loss due to owning and maint. of horse races However there is no impact on following type of losses even if return is furnished after the due date • loss from house property • business loss on account of unabsorbed depreciation and capital expenditure on scientific research.
CAclubindia
