B/f of losses
This query is : Open
Ashutosh Shukla
(Querist)
22 September 2014
Sir, I filed an ITR 6 IN A.Y.: 2012-2013 with loss in PGBP income.
In A.Y 2013-2014, I filed ITR 6 without b/f of losses.
Can I b/f the loss in A.Y. 2014-2015, while filing ITR 6.
Means can I get the benifit of b/f of losses in A.Y. 2014-15
In A.Y 2013-2014, I filed ITR 6 without b/f of losses.
Can I b/f the loss in A.Y. 2014-2015, while filing ITR 6.
Means can I get the benifit of b/f of losses in A.Y. 2014-15
22 September 2014
Since you did not carry forward the loss in the return of AY 2013-14 you will not get the benefit in the return of AY 2014-15.
If the return of AY 2013-14 was filed within due date you can revise your return u/s 139 (5) and show carry forward of loss of AY 2012-13.
Then you can take the benefit of such carry forward loss in the return of AY 2014-15.
Also hear from other experts. What they suggest.
If the return of AY 2013-14 was filed within due date you can revise your return u/s 139 (5) and show carry forward of loss of AY 2012-13.
Then you can take the benefit of such carry forward loss in the return of AY 2014-15.
Also hear from other experts. What they suggest.
Message likes :
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Ashutosh Shukla
(Querist)
22 September 2014
The Assessment is done for A.Y. 2013-14
CA P K AGRAWAL
(Expert)
24 September 2014
why you not claimed losses in AY 13-14??
24 September 2014
If assessment is over than you can not revise your return. But make sure assessment is over. Intimation u/s 143 (1) is not an assessment.
Ashutosh Shukla
(Querist)
24 September 2014
No sir Assessment is over.
24 September 2014
Then you can not do anything now.
Ashutosh Shukla
(Querist)
25 September 2014
CA P K Agrawal, sir i just forget to b/f it due relying on software.
CMA. CA. Sanjay Gupta, Thanq sir.
CMA. CA. Sanjay Gupta, Thanq sir.
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