Carry forward of losses
This query is : Resolved
01 December 2014
Dear Sir,
I have one company for last FY i.e. 2012-13 has loss of 20lc & have filled Income Tax return in time & C/F the same in FY 2013-14.
But for FY 2013-14 we have not filled Income Tax return in time so can we c/f loss of FY 2012-13 in return of FY 2013-14.
In case you have any case low please provide link
Thanks in advance
I have one company for last FY i.e. 2012-13 has loss of 20lc & have filled Income Tax return in time & C/F the same in FY 2013-14.
But for FY 2013-14 we have not filled Income Tax return in time so can we c/f loss of FY 2012-13 in return of FY 2013-14.
In case you have any case low please provide link
Thanks in advance
01 December 2014
the ans is yes as only for 1 st year itr of c/f loss needs to be filed in time.
01 December 2014
Dear Tushar thanks for the reply...
In case of second year i.e. 2013-14 we have not fillied return in time...still i can c/f of loss of FY 2012-13...
M i right???
In case of second year i.e. 2013-14 we have not fillied return in time...still i can c/f of loss of FY 2012-13...
M i right???
01 December 2014
Dear Tushar thanks for the reply...
In case of second year i.e. 2013-14 we have not fillied return in time...still i can c/f of loss of FY 2012-13...
M i right???
In case of second year i.e. 2013-14 we have not fillied return in time...still i can c/f of loss of FY 2012-13...
M i right???
01 December 2014
yes u can as the restirction n condition is only for 1st year only.
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