if loss returns submit under section 142(1) then loss carry forward are not?
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Quick Summary
This discussion clarifies the rules around carrying forward losses for tax purposes. It explains that to carry forward losses (other than house property losses), your tax return must be filed by the original due date. Filing under section 142(1) after the due date generally prevents loss carry forward, though exceptions exist for house property losses and unabsorbed depreciation.
Yes, you Can't carry forward loss if return is filed under section 142(1) because condition for for carry forward losses only when FILE YOUR ROI WITH IN DUE DATE .But notice under section 142 (1) you will get after due date. but u can carry forward house property & Unabosred depreciation ( Please ignore grammar )