banner_ad

Query regarding CFL and BFLA

This query is : Resolved 
Profile Image

Profile Image

(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?
Profile Image

CA R SEETHARAMAN

Profile Image

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

VISWANATH SURESH

Profile Image

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.
Profile Image

CA R SEETHARAMAN

Profile Image

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

VISWANATH SURESH

Profile Image

VISWANATH SURESH (Querist)
26 October 2023 Ok, thanks for the information.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
26 October 2023 You are welcome..
...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details