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.
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
Hema Yashwanth & Associates
Chennai
B.Com
View Details
Anupam Parashar & Co.
Ghaziabad
CA Final
View Details
CCI
Pro
CAclubindia
