Trust

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Querist : Anonymous

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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.

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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