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
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Multiple trade mark
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
