Filing of returns
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2014
Hi,
I Had short term capital loss from the past 3 years.
and I have not included those while filing the returns.
can I file those now.
please guide me how to carry forward for setoff against future gains
I Had short term capital loss from the past 3 years.
and I have not included those while filing the returns.
can I file those now.
please guide me how to carry forward for setoff against future gains
hshivakumar
(Expert)
08 April 2014
you have to revise your returns.
CA. Ronak Kapadia
(Expert)
08 April 2014
you can claim such loss for current year but you will have to do calculations go back ward than claim the loss for current.
you can carry forward such loses to 8 yrs.
One more important condition is return should be filed before due.For returns already filed if you have file returns U/S 139(1) time limit and returns have not been assessed by Income Tax department than such returns can be revised and you can claim.
Hope these will help you,However these are my views please take a note of that.
you can carry forward such loses to 8 yrs.
One more important condition is return should be filed before due.For returns already filed if you have file returns U/S 139(1) time limit and returns have not been assessed by Income Tax department than such returns can be revised and you can claim.
Hope these will help you,However these are my views please take a note of that.
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