Business loss carry forward
This query is : Resolved
17 September 2019
i have filed itr of a.y 2017-18 after due date loss of that company 9500/- in that year. and i have filed itr of a.y 2018-19 before due date losses in that year 28789 now i just filing itr for a.y 2019-20 profit for the year 41702 now can i adjust loss for a.y 2018-19 amt of rs 28709/- . i cant adjust loss for the a.y 2017-18 bz i have filed itr after due date than what i do pls suggest me what i treat of amt of rs 9500 in book of account...????
18 September 2019
department not allowed if we filed itr after due date for a.y 2017-18 sir........ i just confused what treat will be in book of account.....
04 June 2020
I think you need to debit the same to PL.
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