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carry forward business loss

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can I carry forward business loss in the itr even after closure of business??
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On 24 July 2018 at 23:34 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Can you explain this one "even after closure of business??"
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On 25 July 2018 at 00:05
Guest
the client has business for one year and this year there is no business and in this year the loss can be carry forward
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On 25 July 2018 at 08:50
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Yeah...
Meaning is different for "CLOSURE" and "NO BUSUNESS"...

CLOSURE - Business will be closed (Can't run again that business)

NO BUSINESS - No more outwards supplies or (loss for sale value are less than expenses) - Can be carry Forward the Loss....
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On 25 July 2018 at 09:35
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there is no business and it is closed
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On 25 July 2018 at 14:09

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