Carry Forward of Loss

Tax queries 1425 views 18 replies

hey thanks Juzer

Replies (18)

hey thanks Juzer

An assessee can not carry forward or set off loss if he/she has not filed return of income u/s 139(1) by due date except loss from House Property & unabsorbed dep.

 Agreed with Juzer

loss  can't be setoff  expt  the loss  u/s 71B  ie   under the head  house prop. , n  u/s  32(2)  unabsorbed dep.


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