Menu
Loss in FY 23-24 and ITR filing
Sir I have loss in FY 23-24, I able to to file ITR now ? I trying to file but system reject me. It is partnership firm. pls
Replies (5)
As per sec. 139(3) IT act, you cannot declare & carry forward loss in PGBP &/or CG, when return is not filed within due date.
Thanks Sir, now how file this ITR, pls
Adjust the loss upto the income that can be set off. Finally there should not be any loss that need to be carry forward.
If there is no other income which can be set off, then file NIL return.
Many Thanks Sir
You are welcome.
Recent Threads
- Foreign professional income.
- RCM Paid by NBFC
- TDS not deposited by the deductor
- Electricity bill check online – need guidanc
- Assessmet Procedure us 147
- My deduction under 80 g is wrong and I should have
- GST utility 3.2.3 json not generating
- SCh FA declaration - guidance on the filling of th
- Foreign income and bank account
- Unorganised chit amount
Related Threads
CAclubindia
