DEEPAK KADAM (61 Points)
16 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 16 July 2022
For set off the current losses, you need to declare the losses in current ITR and need to carry forward. (provided not set off against any other income)
You cannot declare current year losses in any future year.
DEEPAK KADAM
(61 Points)
Replied 16 July 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 17 July 2022
The loss or gains are calculated by utility in ITR 3.
You need to fill turnover & purchase values.. Slightly tricky, but try...
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
