Carry Forward of Losses where some returns are late and some on time
This query is : Resolved
Chetana Shetty
(Querist)
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.
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