Late filing of IT return

yes you can carry forward the lossess,, main thing is that you should file your return in time in the year in which loss is occured...

u can claim such loss as u filied d original loss return in time

Originally posted by : Siddharth Bumb
	yes you can carry forward the lossess,, main thing is that you should file your return in time in the year in which loss is occured...

AGREED.

Originally posted by : Siddharth Bumb
	yes you can carry forward the lossess,, main thing is that you should file your return in time in the year in which loss is occured...

 Agreed.

Agree with above views...

REFER SEC.139(4) READ WITH SEC 80

You can carry forward the loss as the ROI was filed before the due date of the year in which the loss was occured.

U SHOULD FILE THE RETURN IN TIME ONLY IN THAT A.Y. IN WHICH U WANT TO C/F THE LOSS.

THIS "ON TIME FILING" IS NOT APPLICABLE FOR SUBSEQUENT A.Y.'S

read section 139(3) "return of loss " - it says that  current year loss can't be c\f  unless the roi is submitted before due date but loss of ealier years can be c\f if the roi of that year (s) was submitted in the due date and such loss has been assessed. 

so in ur case you can c\f  the loss .

yes you can take benefit of c/f

u can claim such loss as u filied d original loss return in time

as per Section 139(3) IF YOU FILE THE RETURN WITHIN DUE DATE, YOUR ELIGIBEL FOR CLAIM THE CARRIFORWARD LOSS. Ohterwise cannot carriforward the short term loss

Hey, You can surely carry forwaed the losses.

No need to Worry... Go on...