Audit filling due on 30.09.2014
This query is : Resolved
01 October 2014
our company is pvt ltd we havn't suppose have tax audit, our net loss (2,50,000/-) wasn't filled return on 30.09.2014, we intend to file today can we ablt to carry forward loss to subsequent year please advice on urgent basis
01 October 2014
As you are not subject to tax audit
.
.
your due date of filing is 30.09.2014
.
.
as you failed to file return with in the time given you cannot carry forward the loss to subsequent year.
.
.
.
However you may get relief and loss may be carried forward to future year ,
if you made a petition with Commissioner of income tax under section 119(2)(b) seeking Condonation of delay.
If Commissioner of income tax condones you may get your loss carried forward to future years
.
.
your due date of filing is 30.09.2014
.
.
as you failed to file return with in the time given you cannot carry forward the loss to subsequent year.
.
.
.
However you may get relief and loss may be carried forward to future year ,
if you made a petition with Commissioner of income tax under section 119(2)(b) seeking Condonation of delay.
If Commissioner of income tax condones you may get your loss carried forward to future years
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- PF wage ceiling
- ITC BENEFIT ON BROKRAGE PAID
- TDS refund Indemnity Bond
- Taxation on Old jewellery sold
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- GST ISD Query on various AMCs
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
