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Carry forward of losses

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 December 2017 If a company fails to upload its income tax return for the FY-16-17 within due date, whether it can brought forward all the losses of previous years in which the return is accurate?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 December 2017 Apply for condonation.as given in the link.
https://incometaxindia.gov.in/communications/circular/circular9_2015.htm
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Sumeet

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Sumeet (Expert)
15 December 2017 Loss can be carried forward if return of income for the year in which loss was incurred is filed within due date.
So in your case Loss for FY 2016-17 cannot be carried forward, since return is not filed before due date but losses of previous years where return of income were filed before due date can still be carried forward.
Also Loss under head "Income from House Property" can be carried forward even if return is not filed within due date.
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