CARRY FORWARD OF LOSS

Returned loss is eligible to be carried forward for specific period of time.

What if one such return is belated during the specific period it is eligible to carry forward the loss.
Replies (3)
Quick Summary
This discussion clarifies the rules around carrying forward tax losses when tax returns are filed late. While current year losses cannot be carried forward if the return is belated, previously brought-forward losses generally remain eligible for carry forward. The key distinction lies in whether the loss itself is current year or has already been carried forward from a previous period.

Yes
brought forward loss you can carry forward.
CARRY FORWARD and set off of loss is not allowed if return is belated.

If carry forward of loss of a particular year is allowed for a period of 8 year.

case 1

if the assessed file belated return in succeeding year, then will the assessee be allowed to carry forward and set the loss subsequent year which was allowed to be carry forward earlier.

Case 2

if assesse do not file return in succeeding year. But again file return in subsequent year. will the assesse be allowed to carry forward and set off loss in subsequent year
Carry forward and set-off of current year losses only not allowed if roi filed belatedly. there's no bar for brought forward losses

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