Carry forward of sick company losses

Tax queries 644 views 4 replies

Please Urgent

Whether  Losses of Sick Company can be Carry forward after due date specified in Sec 139 (3) read with section 80.

Replies (4)

I THINK NO.... BUT WAIT FOR EXPERTS ADVICE

yupp... if they filed the return within the due date specified u/s 139(1) OR (3)

Agree with Yogesh, if he is filed return within due date of filling, i.e. that return should not be belated return.

As per sec 139 loss can be set off only in the case of return filled within due date


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