Loss return section 139 (3)
This query is : Resolved
21 September 2014
sir, I want to know is this income is mandatory in current year to carry forward losses of previous year under section 139 (3)?
21 September 2014
Yes. You need to file the return of loss in current year within due date to carry forward loss of current year. Losses which are being carried forward from Previous year can be carried forward even in case of belated return.
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