set off & carry forward of losses
This query is : Resolved
07 March 2009
dear all
one of our client had filed the it return of a.y 07-08 before due date & a stc loss was carried forward to adjust with future income.
he did not file the a.y 08-09 return before due date.
can he set it off with current year income as he has filed last years return before the due date?
one of our client had filed the it return of a.y 07-08 before due date & a stc loss was carried forward to adjust with future income.
he did not file the a.y 08-09 return before due date.
can he set it off with current year income as he has filed last years return before the due date?
07 March 2009
Yes, he can set off brought forward losses.
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