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Utilization of carried forwarded losses

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Raman Kumar Mishra

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

CA R SEETHARAMAN

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

Gokul Sharma

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

CA ARPIT BANGA

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

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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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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