Utilization of carried forwarded losses
This query is : Resolved
02 April 2020
Dear expert kindly enlighten me that can we utilize carried forwarded losses through belated return of income??
02 April 2020
Yes you can utilize carried forwarded losses through belated return of income.
02 April 2020
but if you have losses in current year ,,, you cannot carried forward that loss.
03 April 2020
yes you can
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
But you can carry forward the previous year losses being brought forward
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