Can an assessee Carryfwd His Capital Losses made in a FY, If he files the Income Tax Returns after the Due Date?
to put it clear, When an Assessee Files his Income tax Returns beyond the Due date ( ie late filing), can he claim the Capital lossess to carry fwd to next year?
There is no restriction to claim the brought forward loss in the belated return. Only the loss incurred in the current year cannot be claimed if the assessee files belated return.
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