Losses carried forward

Losses can be carried forward, only if Return of Income has been filed before the due date.

as per section 80 losses other then loss under the head house property and unabsorbed depreciation, cannot be carried forward unless return is furnished on time. in your case the loss is under the head business profession so, if u have not filed return on time then loss will not get carried forward in such a case u could have file nil return showing amount of loss to be carried forward

unless loss return u/s 139(2) has filed with in time specified u/s 139(1), loss can not be carry forward(business loss).here this is the case of speculation loss.in ur case i thought u cant carry forward such speculation loss