Hi, I need advice on how to show losses in the schedule CFL for previous years if I missed to declare losses and didn't filed in previous financial years.
Thanks in advance.
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How to show and carry forward losses now if missed to filed in previous years
Replies (5)
Quick Summary
Use AS 5. prior period changes
AS 5 is ITR form ? how to fill it and declare loss for ITR filling this year.
sry, I think ITR 1 must be used for capital gains issues and instructions
For individuals having salary income along with income from business or profession are required to use ITR-3 form for filing ITR.
ITR 2- Income from Capital Gains/loss on sale of investments/property (Both Short Term and Long Term)
I misunderstood cfl for cash flows for some reason :)
Yeh. ITR2 to be filled. but, question is that I missed to delcare it in previous year ITR filling. so, can it be show as loss in previous year while filling ITR2 of this year ?
Sry you have procedure doubt. I hope someone here with expertise reply to solve your issue. I did not do ITR 2 yet
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