I filed my tax returns with carry forward losses - within the due date, but mistakenly selected belated return 139(4) instead of 139(1) for AY 20-21. Now, I got a notification from IT saying that I can't carry forward losses because it filed after due date. Is there any way I can rectify this now and still claim the carry forward losses. What should I reply to the e- proceedings. Thanks
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Can not carry forward losses because mistakenly selected 139(4) instead of 139(1)
Replies (4)
File a rectified return in response of the notice
It seems there is no way to file a rectified return in new website. Can you please point out where is that option?
File rectification u/s 154, your problem will get solved
Old website had an option for filing rectification. In the new website, there is no specific option provided. If I just select the efiling->select AY 20-21, it doesn't provide any option in the ITR type dropdown. Please see the attached images. Thanks
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