Audit filling due on 30.09.2014
This query is : Resolved
prithviraj mohandoss
(Querist)
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
Ganeshbabu K
(Expert)
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
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