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Carry forward of f & o loss

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 December 2015 During financial Year 2014-15, I had incurred a loss of Appros.30.00 lac against Future & Option. My Income include salary income. Due to some unavoidable circumstances, I could not filr my IT Return before due date. Please advise me whether I can carry forward my F& O Loss or how can I set off the above loss ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 December 2015 No. You can not carry forward the loss since the return has not been filed by you within due date. You can submit belated return u/s 139(4) now but unfortunately carry forward of loss will not be allowed.
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