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Utilization of carried forwarded losses

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(Querist)
02 April 2020 Dear expert kindly enlighten me that can we utilize carried forwarded losses through belated return of income??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 April 2020 Yes you can utilize carried forwarded losses through belated return of income.
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Gokul Sharma

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Gokul Sharma (Expert)
02 April 2020 but if you have losses in current year ,,, you cannot carried forward that loss.



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CA ARPIT BANGA

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CA ARPIT BANGA (Expert)
03 April 2020 yes you can
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Spurto Consultancy Services

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Spurto Consultancy Services (Expert)
03 April 2020 Yes current year business loss cannot be carried forward if income tax return is not file due due date.
But you can carry forward the previous year losses being brought forward

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