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Income tax

ITR 275 views 8 replies

Hi Sir,

My client is running a Business and Long Term capital Loss is also their.

Which ITR Is will take to filing 

Replies (8)

ITR3 

 

you have to file ITR 3

business people is take to filing in ITR 4 Right sir!

 

sir , 

Business people take to ITR FORM 4 Right sir ,

 

sir,

Long Term Capital Loss is carry forward to next year sir?

By filing ITR3 before due date you can carry forwad LTCL.......

itr 4 is for presumptive income. file itr 3 is for regular business return along with capital gain / loss
ITR 3.. You should keep in mind section 139(3) read with section 80.
If ROI filed after the due date losses cannot be carry forward but losses can be set off even if the ROI is furnished after the due date so you can SET OFF your capital gain loss with business profit if you failed to file before September.
Otherwise you can C/f.


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