banner_ad

Can not carry forward loss after due date - u/s 143(1)(a)(II) - AY 20-21

Tax queries 357 views 4 replies

For AY 20-21, I filed ITR3 with some carry forward loss on 10 Jan 2021 which is the last day. Now I got a notification saying " u/s 143(1)(a)(II) Taxpayers can not carry forward the current year loss as return of income is not filed within the due date / extended due date as specified in section 139(1) of the Act".

I was thinking the extended last date for ITR3 no audit for AY 20-21 is 10 Jan 2021 on which I filed the return. Please anyone clarify whether I can carry forward loss or not. Thank You

Replies (4)

If the return was filed before 12 Midnight (10.01.2021); you will be eligible to carry forward the losses. Just reply to your Jurisdictional ITO.

Am I right the last date is indeed 10 Jan 2021 for AY 20-21 with carry forward losses allowed ? Thanks !

Yes U R right..

 

It seems I selected belated return even though I filed within due date. Is there any way to revise the return in the website? There seems no options..


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details