Trust
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2015
Trust have loss in AY 2014-15 & return also not in time, so trust can't carry forward this loss.
In future this trust will earn heavy income, so I want proper tax planning in AY 2014-15 ,so that I can carry forward this loss.
In future this trust will earn heavy income, so I want proper tax planning in AY 2014-15 ,so that I can carry forward this loss.
23 March 2015
you cannot carry forward loss even in future for ay 2014-15 as u have not filed itr in time as per sec 139(1)
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