Give suggestions

if loss returns submit under section 142(1) then loss carry forward are not?
Replies (4)
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.

If you want to carry forward loss other than hp loss you have to file return upto due date of return file
Originally posted by : priyanka pal
If you want to carry forward loss other than hp loss you have to file return upto due date of return file

I also agree with @ Priyanka Ji

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 )
Ok satisfied with your answer

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details