Setoff and carryforward
This query is : Resolved
13 January 2015
We cannot carryforward losses if we file the return after due date. Can we setoff the losses if we file the return after the due date???????
13 January 2015
Losses under the head "PGBP" and "capital gains" cannot be carried forward in case of belated return. however losses under the head 'Income from house property' or 'other sources' and unabsorbed depreciation can be carried forward.
13 January 2015
business loss and house loss cannot c/f if return file after due date.
and unabrosed depreciation and loss can carry forward if return file after due date.
and unabrosed depreciation and loss can carry forward if return file after due date.
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