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Query regarding CFL and BFLA

This query is : Resolved 
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(Querist)
25 October 2023 Is it necessary to fill schedule-CFL with every ITR to carry forward losses of previous years?
(Or)
Is it necessary to fill CFL only when BFLA is in use?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 October 2023 Yes, but both schedules auto filed you have to check and confirm.
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VISWANATH SURESH

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VISWANATH SURESH (Querist)
26 October 2023 Let us say I had loss in F.Y 2019-20 but I did not mention it in schedule CFL of ITR for F.Y 2020-21, F.Y 2021-22 and F.Y 2022-23.
Now in the ITR for F.Y 2023-24, can I directly update the schedule CFL with loss details of F.Y 2019-20 to adjust with F.Y. 2023-24 gains.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 October 2023 No you can't do it now.
It should have been carried forward every year.
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VISWANATH SURESH

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VISWANATH SURESH (Querist)
26 October 2023 Ok, thanks for the information.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 October 2023 You are welcome..
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