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late return

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CA NITESH G. SWAMI (Querist)

29 December 2010 we submit a return u/s 44 ab for the A.Y. 2009-10 from e-filing. return upload on 01-10-2009 at 1.00am? so it`s valid or not.
so the business loss will be carry forward or not?

Guest

Guest (Expert)

29 December 2010 Dear

As per my opinion return will be considered as belated as it will be considered as filed on 01.10.2009 [as due date was 30.09.10] & hence loss can't be c/f in case of belated return.

Regards
Bharat Zanvar
csbharat@rediffmail.com

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

29 December 2010 If the assessee belongs to Pune, Satara, Kolhapur and Sangli Districts of Maharashtra, due date / specified date had been extended to 31/10/2009 thereby they can claim carry forward benefit where as other assessee's will not get the benefit since return is belated if filed on 1/10/2009.

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