Carry forward losses
This query is : Resolved
ANIL BANSAL
(Querist)
21 June 2013
AN ASSESSEE HAVE CARRY FORWARD LOSSED AND DO NOT CLAIM IN NEXT YEAR BECAUSE ALSO LOSS IN NEXT YEAR BU IN SUBSEQUENT YEAR ASSESSEE HAS PROFIT AND ADJUSTED LOSSES BU ASSESSING OFFICER DENIED CLAIM OF CARRY FORWARD LOSSES AS THE ASSESSE NOT SHOWN IN PREVIOUS YEAR ITR. PL CLARIFY WITH SOME CASE LAWS.
CMA Ramesh Krishnan
(Expert)
21 June 2013
Loss need to be claimed in return and carry forward,otherwise you cannot claim in further years
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