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loss return

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Querist : Anonymous (Querist)
28 September 2010 Is it compulsory to file a return of income when there is loss?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
28 September 2010 If a person has sustained a loss in the previous year and wishes to carry forward the loss to the subsequent year he should furnish a return of loss in the prescribed form before the due date.
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