Can defective return be a valid return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2015
I am working in a company and filed the loss return as per 139(1)for F.Y 2013-14 and said filed return is defective on 15.12.14 however, I did not got any correspondence either by email or through notice in this regard from income tax and later on I also got the refund as per return in the month of june'15 and also received the scrutiny notice under section 143(2) of income tax and accordingly made a reply.
Now, I just want to know that is such return is valid return or not or company is able to carry forward the loss or not.
Now, I just want to know that is such return is valid return or not or company is able to carry forward the loss or not.
20 November 2015
No refund will be issued and scrutiny notice issued on defective return. So it is a valid return loss can be carried forward.
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