Return of Income

A company have speculative loss and normal business profit. under which section company file RoI - 139(1) or 139(3)..?
Replies (2)
Quick Summary
This discussion clarifies how a company should file its Return of Income when it has both speculative losses and normal business profits. It explains that speculative losses cannot be offset against normal business income and must be carried forward. The correct section for filing depends on whether the company wishes to claim the speculative loss, which requires filing under Section 139(3) within the due date.

Normal Sec 139(1) 

Important Point : Speculative loss can NOT be set off with the normal business income . 

C/F to next 4 years 

Section 139(3) required filing of RoI within due date for claiming eligible losses. As stated in my query, company have speculative loss. My doubt is which provision 139(1)/(3) is applicable in this scenario.?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details