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FO losses Carry Forward

ITR Filing 224 views 3 replies

I have FO losses to carry forward to next FY, and in which it's business income and so expenses involved.

Will these expenses be carry forward to next FY, too

Replies (3)
Yes, aggregate loss can be carried forward. File ITR 3 under normal assessment, before 31st July.

Do you mean other expenses say internet bill , training fee oother than. trading loss can be carry forwarded too

Thanks much

The net loss after adjustment with intrahead & interhead incomes, gets carried forward. The expenses are debited in the P&L account, not carried forward separately.


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