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If belated itr filed

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Querist : Anonymous (Querist)
28 May 2015 if belated ITR filed Then whether loss of previous financial year as well as current financial loss can not be carried forward or only current year loss can not be carried forward,
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
28 May 2015 if earlier u had filed itr on time u/s 139 (1) then for cy it will be allowed for previous year loss but not the current year loss

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