plz help,
One of my client had delayed in filing of income tax return U/s 139 in previous year, he had business losses in that financial year which was purely based on Depreciation amount ( say 90 % ) in that financial year, can he carry forward the loss amount in next financial year, if yes then for how many years.
thanks in advance
Bhai how many times u have put in this query..........
U can carry forward the loss as Sec 80 is not applicable in case of unabsorbed depreciation.
N N V Satish & Co.,
Hyderabad
CA Inter
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Shyam S Gupta and Company
New Delhi
CA Inter
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CCI
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