Carry forward of losses

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 Can Company claim losses When ITR filled after due date. Next A.Y Company have a profit Can this Profit is set off. against P.Y Losses

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

04 September 2014 no as carryforward is allowed only when return filed in due date return of income

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 Sir it is alloweble u/s 80 or not

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

04 September 2014 the ans is no not allowed u/s 80.

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 Sir If When loss on sale of fixed assets(depericiable)(Block is steel Exist)
What is treatment in accordind to income tax and company act.

Rupesh Jain

Rupesh Jain (Expert)
Follow

04 September 2014 as per income tax sales proceeds will deduct from the block and on balance amount depreciation will charges.

and under company act you have to show the loss or profit in balance sheet.

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 Sir loss on sale of fixed asset it is not acceptable in income tax so dis is disallowed expense so which section of income tax is disallowed.
plz answer me with reference of section.

imrankhan

imrankhan (Querist)
Follow

11 March 2017 only house property losses allowed if you file return after due date

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Rajat Khandelwal

Choudhary

HITESH NIRANJAN SAHU

Tax Expert Group

N.Chandrasekaran

Subscribe Now

Carry forward of losses

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

GST CONSULTANCY

Article Assistant

Accountant

CA Final

GST CONSULTANT