Carry Forward of Losses where some returns are late and some on time
This query is : Resolved
12 December 2023
AY FY RETURN FILED UNDER SEC CARRY FORWARD LOSS
2017-18 2016-17 139(1) - On or before due date 7,115
2018-19 2017-18 139(1) - On or before due date 9,81,818
2019-20 2018-19 139(1) - On or before due date 5,36,114
2020-21 2019-20 139(4) -Belated 5,379
2021-22 2020-21 139(4) -Belated 3,276
2022-23 2021-22 139(1) - On or before due date -
Above is the situation of a company. My question is can the company carry forward loss for AY 17-18, 18-19 & 19-20 as the returns were filed before due date?
2017-18 2016-17 139(1) - On or before due date 7,115
2018-19 2017-18 139(1) - On or before due date 9,81,818
2019-20 2018-19 139(1) - On or before due date 5,36,114
2020-21 2019-20 139(4) -Belated 5,379
2021-22 2020-21 139(4) -Belated 3,276
2022-23 2021-22 139(1) - On or before due date -
Above is the situation of a company. My question is can the company carry forward loss for AY 17-18, 18-19 & 19-20 as the returns were filed before due date?
20 January 2024
Yes, carry forward of losses is allowed when returns are filed within the due dates.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
