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Amish Maknojia (Student)     27 September 2021

Carry Forward of Losses AY 2020-21

Hello

One of the clients has filed ITR for AY 2020-21 on 08th December 2020 with some short-term loss. I am aware that date was extended for TAx filing, but just have a query whether this loss was allowed to be carried forward and setoff in this year?



 1 Replies

JGM

JGM (Knowledge Sharer)     27 September 2021

If the tax return was filed within the extended deadline then the same should be allowed to be carried forward

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