hi every body,
if we filed the IT Return after due date then loss is carry forwarded or not?
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its urgent about house property
Replies (4)
simply, loss u/s 71B (house property loss) shall be carried forward irrespective if date of filing of return .
| Originally posted by : Manmohan | ||
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simply, loss u/s 71B (house property loss) shall be carried forward irrespective if date of filing of return . |
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The above answer is correct. Only HP Loss is allowed to be carried forward if return is filed after due date. Losses under all other heads cannot be carried forward. However, Unabsorbed depreciation can be carried forward even if a return is filed late or not even filed.
no losses will be allowed to be carry forward if return is not filed up to due date..except above
loss under
house property
unabsorbe depreciation
family planning
scientific research
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