Carry forward of losses

This query is : Resolved

C.A. M.Com. Suhas A. Nagpure (Querist)
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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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 December 2014 the ans is yes as only for 1 st year itr of c/f loss needs to be filed in time.

C.A. M.Com. Suhas A. Nagpure

C.A. M.Com. Suhas A. Nagpure (Querist)
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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???

C.A. M.Com. Suhas A. Nagpure

C.A. M.Com. Suhas A. Nagpure (Querist)
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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???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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01 December 2014 yes u can as the restirction n condition is only for 1st year only.

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