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
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FO losses Carry Forward
Replies (3)
Quick Summary
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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