can we show loss in a revised return which was not shown earlier in 139 1 return?
loss due to fno transactions of 1.2 lakhs was not claimed in the original return.
itr 2 was filed earlier.
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Revised return .. can we show new loss in revised return
Replies (4)
Quick Summary
Yes, you can, but it will not be allowed to be carry forwarded
Please share the income tax clause or full details on this.
If you read section 139 (4), only the carry forward of losses are denied, but the set off of the losses in the current year itself is not denied in case of revised return.
Sir do you mean 139 5 ... instead of 139.4 . Cant find this clause in 139.5
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