Celebrate Freedom with 10% OFF on CAclubindia Pro Membership. Subscribe Now!

Claim loss in revised return

245 views

Save Share

saidurgaprasad

students

61 Points Posted on 02 November 2020

Dear sir,

one of my friend was filed original ITR without claiming loss within due date, can we file revised return for claiming loss. the date of filing revised return is after due date, is he eligible to claim Loss in income tax return.

Replies (5)

Quick Summary

This discussion addresses whether it's possible to file a revised income tax return to claim a loss, even if the revised return is filed after the original due date. The consensus is that filing a revised return under Section 139(5) of the Income Tax Act is permissible for claiming losses, provided certain conditions are met.