30 December 2013
An individual assesse has filed ITR-4 and accounted for F&O (Derivative) business loss in the ITR-4 for A/Y 2012-13. Thereafter the assesse has filed ITR-2 for A/Y 2013-14 with no business income/loss. No action on carry forward business loss.
Now, whether ITR for A/y 2014-15 (current financial year) can be filed in ITR-4 with business profit and set off against carry forward business loss for A/y 2012-13.
CAclubindia
