Business loss: File returns or not.

If the return is regularly .. file it. 

yes you can claim if return is regurly

Hi Riya,

If you have other incomes also than you should disclose income/loss from all the sources, leaving one source of income and moving ahead with the rest can create a problem. As you are hiding the facts fron IT deptt., which you should not do.

Its is good to regularly file the return, but it is not mandatory if the income from all the sources is less than the exemption limit.

though it is not mandatory, but step ahead and file the return, it will save you from forthcoming knee jerks as the DTC is in pipeline and taxpayers would feel little pain on its implementation, so dont break the chain, and keep the records updated.

Originally posted by : U S Sharma
	though it is not mandatory, but step ahead and file the return, it will save you from forthcoming knee jerks as the DTC is in pipeline and taxpayers would feel little pain on its implementation, so dont break the chain, and keep the records updated.

agreed                   

It is advisable to file a Income Tax Return.

Regards,

Devendra k

if u don't want to carry forward the loss den der is no need to file thr ROI

Agreed with the answers provided by the other members of CCI family.

If you dont have an idea to carry forward the loss, then no need of filling return. But its better to file return if you have any other source of income

you must file the return it will be beneficial for future to get any other advantage.

if you do not want to carry forward loss then don't mention it, but atleast file the return.