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
- Indemnity bond notarization for Income Tax (NRI ou
- GST - RCM - for Commercial Building Rent
- Exemption from Penalty for delayed Board meeting
- TDS ON PROFESSIONAL FEES IN NON AUDIT CASE
- Penalty are applicable on short payment of GST
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
Related Threads
CAclubindia
