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Bannu Sathvik (4 Points)

20 August 2020

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

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4 Replies

priyanka pal (110 Points)
Replied 21 August 2020

If you want to carry forward loss other than hp loss you have to file return upto due date of return file

Ravi SADhiyan (Practice) (4510 Points)
Replied 21 August 2020

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

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ashok reddy (15 Points)
Replied 21 August 2020

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 )

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