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Carry forward of losses revised return

Amish Maknojia (Student) (507 Points)

04 February 2022

Hi is losses allowed to ve carried forward in case where original return was filed within due date but losses are reported by filing revised return after due date?

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3 Replies

Pallavi D (CA) (12 Points)
Replied 04 February 2022

Yes, because the revised return replaces the original return and is deemed to have been filed on the same date on which the original return was filed.

Nidhi (Chief Accountant) (3150 Points)
Replied 04 February 2022

Yes, of course..

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 05 February 2022

Revised return should be filed within the deadline allowed for revised return..You may not be able to file the revised return after due date of revised return.

Check the revised return time limit